in the absence of a superior proposal, page-46

Reading between the lines the board are very entangled in this, but would probably welcome a no vote so Hanlong will have to come back with a higher offer (which they now have funds for thanks to everbright bank)

I am sure the board were less than delighted Merril lynch pushed the envelope very hard so they could get a bigger bonus at the expense of Sundance shareholders. All is not what it seems andres, your contacts may be playing you too!