So the new partner is either a JV capitalist trying to make a...

So the new partner is either a JV capitalist trying to make a quick buck on expected approvals of CRR and ODP in the next couple of years, or they are the front men for another company who hasn't been identified.
As long as they have money and happy to push to get the CRR's and ODP's through I'll happy with them. Seems like MIE didn't bring a huge amount to the table in the past, or if they did, SEH has probably got the necessary information on approvals process from them. Looks like MIE had turned into a sea anchor.