Thanks for any info. My guess and could be way off base is that there is an agreement in place to purchase the other majority shareholder after a transitional period. Possibly even funds and shares placed in a trust with a first option of purchase after x period of time. It has happened a couple of times in the states with sports teams.
My question is this, what is to stop him from just finding a minority shareholder some place and purchasing enough shares to put him over 50%? I wouldn't be upset at it mind you. But is there something legally that would prevent him from day finding 100 shares (or whatever the number is to put him at 50.1%) and paying a premium on those and having essentially full control?