Why should they bid ? To avoid Whites multi-millon $ damage claim and annex the BCB ?
May be aged directors are happy to approve a bid north of 200 Mio. $. Sounds like a tenbagger. LoL.
In April 2012 the Supreme Court of Western Australia froze Bayan's stake in KRL (1,925,000,000 shares representing a 56.05% majority) which back then traded at $0.12 per share (so totaling to $231m) to secure WEC's potential damage claims against Bayan for which the court found WEC (or rather their Singaporean subsidiary, BCBC Singapore Pte Ltd) had a good arguable case. Hence the court determined that the extent of damage would likely equal or exceed $231m.
Will PT Bayan TBK bid for WEC?, page-2
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