He's not wrong. An agreement has been signed subject to "Completion of the proposed transaction pursuant to the agreement is subject to various conditions precedent, including the following material conditions:
(a) CSD conducting appropriate due diligence;
(b) SPM obtaining all necessary approvals and consents to allow the transaction;
(c) security holders (including ICBC, Kagara and Investec) releasing, or consenting to the acquisition of the
various assets the subject of the transaction from their security; and
(d) if required, Foreign Investment Review Board approval of the transaction.
CSD Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held