"Chuk (who had presumably spoken to a Minbos company representative) said Shanghai Jayson pulled its $4m contribution to the placement once it learned Minbos was in discussions with another potential partner. Why do you think they responded in that way? "
At the time the brokers were saying that Jayson was making way for the other party to buy into the cr without increasing the amount beyond what was already an oversubscribed level. That wouldn't really explain why Jayson didn't come back in later, other than maybe they didn't want to screwed around like that.
Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-177
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