Ann: Acquisition of Senior Secured Debt Facility, page-160

1. GXY got cash .... can get cheap finance to buy out A40’s debt and that is good stuff.

2. The reason for its small intraday rise may reflect market acceptance for A40 debt.

3. It may reflect even better news from China today where the government has (a) taken away the limit of car purchases (.... don’t know how that works), and (b) further encourage renewable energy (anything) development. Right now the CN carmakers listed in HK are rising ~3% in a weak market.