Ann: Update on the LIFULL Co. Ltd Scheme of Arrangement, page-6

I reckon they're putting some subtle pressure on LIFULL to sweeten the deal so that it goes back to the original 85c valuation. I think dealing with the Japanese they can't be too "in your face" with negotiations. To me this explains the profit upgrades they keep announcing while at the same time the LIFULL share price is sliding. At the moment MUA's share price is tied to LIFULL's. Hopefully LIFULL's outlook improves and its share price recovers or the Japanese feel embarrassed and sweeten the deal.