I dont want to be a conspiracist but could Mr Shen be...

I dont want to be a conspiracist but could Mr Shen be selectively dealing with inventory etc to get a depressed mark to market p/l so as to not have to up the bid? We have to wait and see the accounts in August or thereabouts - '
I am very sure the bid will progress after all he's getting the company at 1/2 price and by their own admission margins are now improving again.

The p/l will pick up as China primes their domestic consumption over the second half of this year.