This blog gives you the latest topical news plus some informal comments on them from ShareSoc’s directors and other contributors. These are the personal comments of the authors and not necessarily the considered views of ShareSoc. The writers may hold shares in the companies mentioned. You can add your own comments on the blog posts, but note that ShareSoc reserves the right to remove or edit comments where they are inappropriate or defamatory.
Daily Mail, 2 June 2021, Bacanora takeover “offer” by Chinese company Ganfeng
https://www.thisismoney.co.uk/money/markets/article-9641119/Backlash-sale-lithium-Chinese-predator.html reports that:
Cliff Weight, director of shareholders champion ShareSoc, said: ‘When foreign joint ventures are listed on the London Stock Exchange, it is very difficult for the rights of minority shareholders to be protected.
‘Companies such as Bacanora need to be much more transparent, so it is easier for investors to understand the options and warrants that JV (joint venture) partners have. It looks like the Chinese are buying lithium assets on the cheap.’
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