The problem is with the SPH board. I don't know what's in it for them to take such a low ball offer. Seems like they are the only share holders happy to sell their shares in a hurry. Very odd to say the least !
It's abundantly clear by now that the extension to the 29th is just buying more time.
Sin Tang already telegraphed the message that they have the FIREPOWER as well as having a long term plan for the company. Of course, the Chinese will mine it over the next decades.
They don't care about forking out one or two hundered millions for the benefits worth many billions further down the track.
Ann: Change in substantial holding , page-5
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