re: Ann: Thailand Asset Sale Agreement - Addi... If thats the deal fair enough, especially if it means unloading 20% of our thai assets and ending up with $50m in the bank.
Will be a massive cost saving to CVN either way you look at it and what happens further down the track with the extra $$$$ let it pan itself out.
20% is a comfortable and manageable holding and if those production numbers come good all the better from less outlay.
To me it's a way of extracting itself from Thailand.
Ann: Thailand Asset Sale Agreement - Additional I, page-4
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