And while we're on the topic of "strategy": What can/will it look like?
If, as I was assured in the past, Alice Wong/Apollo has no relationship or connection with China and Paul continues to prefer "the West" as a customer, then it would be more than obvious if not only in phase 1, but also the foundations for the future of GBE can already be determined and decided today with "The West".
IMO, the 350m shares that Apollo holds and the 70m shares of TTE will also be of crucial importance in determining IMO the future (western) control of GBE in order to secure the financing/customers of phase 2. If that were to happen, various constellations would be conceivable, with or without Apollo/TTE.
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