Lets hope the ASX piss off the majority owners enough, they decide to quit the ASX altogether and move over to Hang Seng listing.
Previously, they can’t list on the HK stock exchange because they could not comply with the spread of shareholders. But now (IX) Spread of Shareholders:
Column 1
Column 2
0
Main Board
GEM
1
The equity securities seeking for listing must be held among at least 300 holders.
The equity securities in the hands of the public should be held among at least 100 persons.
Note: Not more than 50% of the securities in public hands at the time of listing can be beneficially owned by the three largest public shareholders.