"The deal consideration is subject to final settlement. It includes the discharge of all shareholders’ loans and their interests as of 31 March 2022."
I wonder if the bulk shipments of alloys that weren't included in the March Quarter will be excluded from the deal?
This could be significant as I calculate that there are 20,000 tonnes of FeSi stocks and 22,000 tonnes of Mn alloys in stock at the end of March. So that 40,000 tonnes of stock at US$2,000/tonne, 10,000 tonnes would've been CMSB share at US$20 million.
Ann: USD120M Offer to Acquire 25% Interest in Malaysian Entities, page-78
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