Right after the company has gone public, a large shareholder (own 30% total equity) wants to substantially reduce his shareholding. I want to ask, whether this shareholder has to obtain the consent from other shareholders to reduce his shareholdings as this action may reduce the company's share price and make that company more subjected to takeover bid ?. Is this action subjected to minority protection?
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Large shareholder disinvest after going public
No - it is not normally a problem :-)
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