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Li Wang warns Comvita may face receivership without improvement, backing a $56M Florenz bid amid competing takeover efforts.
Comvita’s second-largest shareholder, Li Wang, warns the company may face receivership unless operations improve, urging swift action amid a contested takeover bid.
She supports a $56 million offer from Florenz, citing worsening financial losses and market challenges, and cautions that delays or rival bids could harm the brand and jeopardize jobs.
While co-founder Alan Bougen also backs the Florenz deal, a competing bid from Bougen’s group remains unspelled, raising concerns about instability.
Shareholders are set to vote on the proposed acquisition, with the outcome critical to Comvita’s future.
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Li Wang advierte que Comvita podría enfrentarse a la quiebra sin mejoras, respaldando una oferta de 56 millones de dólares de Florenz en medio de esfuerzos de adquisición competitivos.