Duxton农场的合并面临股东在估值、透明度和内幕利益方面的退缩,促使联邦进行审查。
Duxton Farms' merger faces shareholder pushback over valuation, transparency, and insider benefits, prompting a federal review.
Duxton农场是一家以阿德莱德为基地、有4 560万美元市场上限的农产企业,其股东正面临股东反对其拟议与其网络中的4家未上市公司合并的反对,该合并定于10月进行投票。
Duxton Farms, an Adelaide-based agribusiness with a $45.6 million market cap, is facing shareholder opposition to its proposed merger with four unlisted companies in its network, set for a vote in October.
少数族群投资者反对这项交易,提出对估价过高、缺乏透明度的关切,以及主要内幕人士Ed Peter和Richard Magides之间未披露的联系,他们共同控制了58.6%的公司,并将受益于455万美元的股份。
Minority investors oppose the deal, citing concerns over overvaluation, lack of transparency, and undisclosed connections between key insiders Ed Peter and Richard Magides, who together control 58.6% of the company and stand to benefit from a $4.55 million share placement.
联邦接管小组暂停了交易,并正在审查反对意见,考虑是否正式调查潜在的治理问题和向内部人转移不公平价值的问题。
The federal Takeovers Panel has paused trading and is reviewing objections, considering whether to launch a formal inquiry into potential governance issues and unfair value transfer to insiders.
该公司报告了2024-25年的1 250万美元的税后损失,并通过旱地作物、棉花和牛的大型土地租赁,在北部地区和西澳大利亚继续扩展。
The company reported a $12.5 million after-tax loss in 2024-25 and continues expanding in the Northern Territory and Western Australia through large land leases for dryland cropping, cotton, and cattle.
虽然达克斯顿农场表示合并将扩大规模和多元化,但批评者认为它缺乏适当的尽职调查和独立监督。
While Duxton Farms says the merger would enhance scale and diversification, critics argue it lacks proper due diligence and independent oversight.