no bid recieved, page-11

this part of the article i found most interesting "Australian rules, however, would bar the firm from making an offer below A$1.70 a share before mid-June, or four months since its last offer lapsed."

so cathay would have to lob a 1.70+ offer before thursday when DML resumes trading which is highly unlikely

so the outcome should be the same, continue with the equity raising now and take over after mid-june


all just my opinion