Oxley announced it bought United Engineers shares. 7% stake, which is likely to cause the current Offer from Yanlord to fail because Oxley (& perhaps friendly parties) ain't subscribing for it and so Yanlord cannot do compulsory acquisition. .
Bought at $2.654 cents a share, no wonder trading price has been higher than offfer price of 2.60.
The question is , what does Oxley intend to do with its stake?