Flinders’ plan to delist angers small holders
2019-01-07 04:02:32

Opinion:

Since the delisting announcement share price has dropped from around 7 cents to less than 3 cents. The majority owner wants to takeover in cheap by announcing delisting so price will drop. Then they will get shares for much lower price. It will be fine if they pay the price of shares before announcement. What is the rule regarding this delisting? Small shareholders will face huge losses. Any rules to protect shareholders in this type of situation? R. Narayan, 07/01/19

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