Resource Pacific Holdings Limited

[2007] ATP 26 (Takeovers Panel)

Takeovers Panel

Built by Barristers,
For Australian Law.

1. Adequacy of disclosure - commercial detriment of delay - comparison of advantages and disadvantages - defeating condition - decline to commence proceedings - delay in bringing application - frustrating action - imbalance of information provided between competing proposals - issue of shares - need for funds - notice of meeting - pro-rata rights issue - shareholder approval of rights issue - sufficient time and information - timeliness - triggering action
1. Corporations Act 2001 - sections 657A(2)(a), 657A(2)(b)
1. Guidance Note 12
1. New Hope Corporation Limited - Resource Pacific Holdings Limited

Citation[2007] ATP 26

CourtTakeovers Panel

JurisdictionCommonwealth

The full text is available to signed-in members.

Already have an account? Sign in