RE: 3.5p a share buy in1 Jun 2019 15:04
Good questions Gazino.
I’ve no idea how the ‘new voting’ will work but I see your point, they have a controlling percentage already !
Bagir must know what’s causing the hold up and may well be open to compromise or at least the issue is not insurmountable and hence the ‘short’ extension.
Otherwise they might as well said deal off in the RNS, hence the volume of buying and no massive sub 1 pence price collapse ( which many of us were expecting ), due to people happy to have a punt on it .
Why would Ruyi want more of stake when going by the first question they probably have full control anyway?!
This is defo last minute gamesmanship in business dealing and Ruyi will not want to lose ‘face’ , since they will assume all eyes are watching the wannabe ‘LVMH’
GLA