QMN 0.00% 16.8¢ queensland mining corporation limited

Ann: Cash takeover offer for QMC of $0.17 per share, page-17

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  1. 23,467 Posts.
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    Not necessarily. They will need to get a 90% ownerships of the total shares on issue to enforce a compulsory acquisition on the rest of the shareholders which aren't willing to hand over their shares to them. NOT BEFORE!!!

    Yet again when they have reached 50% plus one share of the total shares on issue, they have full control the Board and will decide what the company will and will not do. But, if I have to say something based on my past experience, don't ever hold your breath in waiting to get some dividend from a company which is controlled by some Chinese entity.
 
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Currently unlisted public company.

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