Ann: Scheme Meeting Adjournment, page-2

I’m out on this ann. Scheme may still proceed but chances of it falling thru have increased materially based on this update imo. It’s not like a Western government delaying a deal where it may have a genuine bureaucratic procedure to justify the delay. If the Chinese want this project presumably they could just rubber stamp the deal and be done with it ...

Chinese sovereign risk in general also potentially inreasing based on this outcome. If the Chinese pull out of this deal without a genuinely acceptable reason the market will be skeptical about any future Chinese taveover offers.