re: Ann: WNI: Waiver of Placement condition o...
As they explicitly wrote Mr. Chu Chung Yue, Howard is an executive director “as at the date of this announcement" (WNI: Supplemental Agreement to the Underwriting Agreement/bottom p.4) AND he is listed as a Non-Executive Director on ASX (Mr Chu, Howard Chung Yue (Non Exec. Director)) and homepage of BRM (Non-Executive Director/Howard Chu/Mr Chu, aged 62, …).
On the homepage of BRM they have omitted his being executive director in WNI !!
Please consider: (from Bidder’s Statement) ….they (the board) INTEND to accept the offer - is this formulation a binding contract for an obligating acceptance? Is it possible, that they do not really intend to accept? If so do they have the obligation to tell anybody (especially WNI) beforehand?
BRM Price at posting:
$2.14 Sentiment: Hold Disclosure: Held