WCL 0.00% 39.5¢ westside corporation limited

I don't know what it's going to mean, however given that Saad...

  1. BH!
    2,521 Posts.
    I don't know what it's going to mean, however given that Saad Investments owns 27.5% of WCL, it's clearly relevant.

    Presuming that this is part of the freeze, it means that holding won't be coming onto the market in the very short-term. However, there is a possibility that the authorities will want them to liquidate holdings in a couple of months (or more?).

    If that is the case, they either make a quick deal with somebody with deep pockets, fire sale the holding on-market (unlikely) a-la Opus Prime, or ask for expressions of interest in an orderly sale process.

    Of course, it could all blow over and nothing significant happens at all.

    Anyway, just thought it would be of interest.
 
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