China Merchants Holdings Pacific

[CityFarmer]

My interpretation is that there are issued shares and maximum potential share..
1) GO will be unconditional once the 90% of issued shares threshold is breach AND the GO period ends.
2) For GO to be unconditional BEFORE the GO period ends, they must acquire 90% of the maximum potential share instead.

The reference used, is the circular to shareholders. According to the doc, there is ONLY one condition i.e. the “Acceptance Condition”, either before or after the 1st Closing Date.