This is interesting Risco and Chatchai own a similar % of the company, combined it's just over 50%.
Can't see either of them getting to 90% which is a compulsory acquisition.
If a third party makes an offer it would have to be enticing enough for both to sell. The likeliest way for a successful takeover but will it happen.
Ann: Unconditional on-market Takeover Bid for Tap Oil, page-31
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