I tend to vote NO, at least need to delay for 6 months or so. It's too complicated. A good auditor is needed to check how the fees come up. What is the real construction fee and the makeup (profits) for the construction, and any goodwill etc? $1.26B for 55% of an un-constructed plant sounds too expensive, esp. with cheap labors in China and Indonesian. We may end up paying the whole construction fees but get only 55% of the project.
Just my guts feeling. Someone asked a good question above, 'if so good, why doesn't Tsingshan do it itself?'
Need more details about the $1.26B and 55%. Hope it wasn't coming from only the wishful future profits.
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I tend to vote NO, at least need to delay for 6 months or so....
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