held back, page-27

I doubt the Chinese will bother. Ansteel, Melewar and Management have enough shares to block any sort of takeover from any other Chinese organisation. Ansteel could potentially try and takeover GBG once EPA approvals are set however the there could (most likely) be issues with the FIRB. So there probably isn't much point as they already own 50% of Karara and then 12% of GBG shares. Hence they have their long term supply of ore, so why bother mucking it up.

Personally I wouldn't accept any sort of takeover offer unless its unbelievable for holders.