Ann: Funding Agreement , page-14

"ive said before that major chinese companies do not throw good money at dogs. they are too canny for that"

I completely disagree with that. Chinese companies are in the stage of learning and have invested in many bad projects eg. CITIC Sino, CITIC Midwest, ARH, GBG, many coal projects etc.

They all failed experiments. Chinese are good in running business in China, but many of them (if not all of them) gone belly up when invested in overseas like Australia. They don't understand the law, culture and expensive cost, lack of infrastructures.

Having said that many Australian companies overpaid assets and gone badly when investing overseas as well eg RIO Tinto with Riverdale mining, NAB (in UK and USA), ABC learning (in USA.. bankrupted the whole company), Harvey Norman (in Ireland), etc.

Just IMHO