Ann: KRL and Bayan update DD and completion proce, page-19

re: Ann: KRL and Bayan update DD and completi... Wow that's an interesting article.

Just running on the figures in the article, Bayan is buying everything for US$198.65 million (say, AUD$180.59 million at an exchange of $1.10).

In exchange Bayan get 1.93 billion KRL shares, which at $0.135 is AUD$260.55 million.

So Bayan have to stump up with the cash, but make AUD$80 million (on paper) on the turnaround.

Nice deal for them.