pre open news coming, page-7

Didnt think they could go above 19.9% without going to full take over offer ?


Oceanwide Applying to the Foreign Investment Review Board (FIRB), to Increase Their Shareholding in CuDeco to 19.92%
Oceanwide are applying to the FIRB to increase their shareholding in CuDeco from approximately 12.5% to 19.92% by subscribing for an additional 15m shares in CuDeco at A$3.80 per share. They have also indicated a possible interest in increasing their position to 30%.

Once the current subscription is completed, Oceanwide will have subscribed for more than $130m in CuDeco stock and will be the largest shareholder. The Company is pleased that after conducting an exhaustive due-diligence process, Oceanwide was satisfied to make such a large investment, at a premium to the current market price and may yet increase this further.
The Board of CuDeco welcomes Oceanwide as a cornerstone investor in the Rocklands Group Copper Project.
Yours faithfully,
Wayne McCrae,
Chairman