Maybe the last lawyer didn’t want to take on a case with no chance of winning.
One way jiameng & co can get out of this saga intact is to actually announce a dividend and actually pay it. Mejority would then have no legal ground to proceed with the court case demanding a dividend.
Either way, shareholders will score a win from this.
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Held