Chaffcombe,
The SiYi JV details (including the 15% stake and representation on the board) and progress with the JV are spelt out in the rights prospectus. This is available on-line as part of the announcement.
I do not know a great deal about SiYi but I believe it is a company set up as a vehicle for the JV and that it is very close to the government. It will, in fact, be a vehicle for a virtual monopoly market.
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