When Regent Pacific tried to wriggle out of a deal to buy BCI rebetly, the TO Panel ordered it to bring the money back to the table. In no time, Regent complied (even though the deal was rejected as low ball after an expert assessment).
I suspect some high level government types in the PRC is now warning Mr Luk that his unethical and immoral acts will undermine any future resources deal between China and Australia (and hence comply with any verdict handed down by the TO panel - such as divesting the shares...etc).
Perhaps such an outcome may then allow FMG to resume the discussion of a rail deal.
When Regent Pacific tried to wriggle out of a deal to buy BCI...
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