Hi All After speaking and emailing to Jeffrey Lai yesterday this...

Hi All

After speaking and emailing to Jeffrey Lai yesterday this was the email respond

1 TSI india is on the back burner.There is a valuation difference between asking price and what we are willing to pay.A deal can be done when we close the gap.The gap can close in a few ways :reduction in asking price,TSI's financial performance improves or a combination of both.Until then,we will continue to monitor.

2 To complete the TSI deal, our shareholder base will have to increase by 2-3 folds- a significant dilution.We have to weigh this against TSI's current financial performance.

3 Unfortunately, shareholders do not have access to TSI's financial performance.But once we aquire 100%, the information will be released.

4 As we have mentioned,we need to make sure that buying TSI is not our only way forward. And,we have created alternative ways forward such that we need not necessarily buy TSI if asking price is not right.