There are a couple of assumptions that have to be made here and...

There are a couple of assumptions that have to be made here and totals are rounded to the nearest 100k but it will give an insight into the register dominance of the Chinese holders - currently there are 243m shares on issue - if we assume Oceanwide also pay $1.25 then they will get another 24m shares - I have allowed Sino to take $20m worth of stock also at $1.25 that would be 16m shares giving a potential total of 283m shares - There has been several contra deals to Shinefly and other unnamed shipping suppliers so I have just grouped them together for a rounded total of 4m shares ( 2.4m of them issued today )


New total potential shares on issue 283m plus 22m options

Oceanwide currently 30.3m plus another 24m----- new total 54.3 m
New Apex ---------------------------------------------------------23--m
Sinosteel currently 17.3m plus another 16m--------new total 33.3 m
Mr Liu --------------------------------------------------------------7--m
Mr Hua------------------------------------------------------------ 6.5 m
Mr Yang now with Oceanwides broker --------------------------6.5 m
Haitong ----------------------------------------------------------- 4.9 m
Shipping companies ----------------------------------------------4-- m
Uob Kay Hian -----------------------------------------------------2.8 m

Total Chinese holders 142.3m plus 20m options

The total collective vote would be above 50% without options being converted even higher if they are !