wn intends to extend frs to offer to 15 march , page-14

I'm looking forward to the re-rating once rail is sorted, but it may be delayed a little until this majority stake issue is resolved. I tend to think that the BRM management will be left alone to continue without interference, unless WN is really obsessed with bringing in Chinese interests to build rail.

I don't know what the chances are of WNH getting 90.1% of FRS, but I'm surprised that their directors may not be holding at least 10% as do the BRM directors.