the game afoot., page-10

Sweet deal for the underwriter as well - CDU will only get $2.37.5c per share a 5% one off hit as opposed to borrowing from Minsheng which is only 7% P/A - Dont know why they just didnt stick with what they announced in the September 10 announcement and just debt fund the project say $200m at 7% then use the income from the DSO sales to pay down the debt.

Looks to be a possible lack of trust on the Minsheng loan arrangement ? the interest is a sweet deal but maybe there are some onerous default clauses that W.M wants to duck ? logically thats the only thing that makes any sense on the backflip to me.

hOOt