Calm down guys. The leak, if there was one, could have easily come from the other side of the deal.
Printable View
The Chinese company, I believe, just got a great deal for themselves. An asset they got for less than half its book value plus current and future access to better technology? Not sure I would be calling them stupid!
That doesn't mean to say they didn't leak details of the deal to someone else of course, who may have interpreted the deal as a big win for Rakon who would reduce most of their debt, hence maybe thought the SP would jump up. Little did they know that we understand that you actually need assets like manufacturing hubs and better technology than your rivals to have an edge over your competition, not just low debt. Rakon just threw all those away.
The evidence to date shows Rakon to be most unreliable when it comes to providing timely and accurate information and assessments to the market and its shareholders (outside of the insiders).
Let's see what the NZX and FMA come up with.
Based upon their historical track record, don't hold your breath.
Anyone being brought to task can challenge the NZX and FMA over a few cases where they chose to look the other way and not take action.
And Rakon appears to continue to be an old boys club:
https://www.nzx.com/companies/RAK/announcements/238681
Am quite amazed that they don't have a single woman in their upper management! Maybe they should think about getting some female directors and listening to them? They sure as hell aren't doing anything right with all the boys on board at the moment... maybe even a female Robinson???