Mr.Han should revert back to the $4

$China XD Plastics(CXDC)$ Have they found out anything wrong with the buyout? The $1.20 buyout was inadequate. This company has a book value of $12 and had been profitable every year until 2020, raking in $1B cumulatively.Me. Han owns a little more than 50% of the company. Normally if he wants to own the whole company, he would have offered an acceptable price. But not in this case. A new company he owned offered $1.20 for CXDC and Mr. Han who owned the majority shares accepted it. There is a definite conflict of interest and dereliction of fiduciary duties by Mr.Han. He should revert back to the $4 offer he did 3 years before the current $1.20.