The takeover will happen I'm afraid. Who is going to continue with JV partner discussions when this is ongoing. Read the announcement carefully folks:
"take no action at this stage" . Unconvincing
"scheme of arrangement" oh dear. Re my posts about takeover of GDO a couple of manths ago
"discussions with Hanglong about the terms of it's proposal" . The board is working with them.
Only a few weeks ago the board appointed UBS specilaising in T/O. As I said then, they knew it was coming.
Put that 50 cent party back in the diary.
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