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Hobson's Choice on Privatisations
Webb-site.com highlights a growing trend for controlling shareholders to threaten minority shareholders with the following choice: take our undervalued offer, or risk having your shares delisted anyway, and losing the regulatory protection and liquidity of the stock market. We call for a change in the Listing Rules that make this possible, and we also deal with the obsolete requirement for a 25% free float rather than just a minimum dollar value.
- China Resources Ng Fung Limited
- WAH KWONG SHIPPING HOLDINGS LIMITED
- WINSOR INDUSTRIAL CORPORATION, LIMITED