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dont think this counter going to be delisted…… mainly just wan to make chaos and make u guys fear then they can have chances take over the share ownership
in 3 more weeks, the 6 months restriction would expire and Gent can make a new take over offer again. just wait and see what s the boss next action since he has been quiet after the fail takeover in Dec.
after 6 months, Gent and its joint stakeholders can acquire GenM shares from the open market or direct transactions of more than the 2% limit. with this, easily it could breach the 75% threshold and trigger the leverage to initiate delisting procedures.
it could offer the price and terms to delist in the AGM and ask for the voting among the shareholders. Alternatively, it could also apply to SC for new joint offer to delist GenM using exceptions circumstances.