The TR1 cannot come can it? I think Toolsmoker is either mistaken, naive or simply lying. I hope it's not the latter.You see, if one investor absorbed all of those placing shares, it would have given them a greater than 29% stake in the company. In that instance, they are required to take a seat on the board, and may be required to complete a takeover of the company.Stock market rules, are RULES!
What might his remit be?
Yue Li will provide 'weather reports' on West Brom as a business and report directly to Guochuan.
It's conceivable Yue Li may be tasked with raising the profile of West Brom in China.
There are certainly plans to transport to China the academy's excellence in spotting and nurturing young players.
"This historic deal will result in a rapid and significant increase in interest in the Club in China, which should lead to attractive commercial opportunities," Guochuan said when his takeover was announced in August.
"The club will be uniquely positioned to take its well-regarded training system to China, helping to identify and develop more talented young players in the future."
Take a look at premier foods, moved up 10% in a week, breaking out of a trend, meanwhile just read last rns and they have investor who has agreed to buy 10% of outstanding share capital by June 2018, smells of takeover in the mist, already have a Japanese company who owns circa 20% but American company wanted takeover this time last year, imho dyor