Hanlong have until the 15th March to get SAFE approval,
They have until the 30th April to sign off the agreement.
TCW debt to be paid by the 24th march which includes a interest payment of US1.005 mil. If however its not paid on that date a further US$38.5 mil will be incured. So its in Hanlongs interest to secure the deal before the 24th of this month.
Also note that the directors have extended the deadline for finance to the 30th Sept.
I would say that both parties are working towards a final outcome that will put MOL on the road to success.
MOL Price at posting:
85.0¢ Sentiment: LT Buy Disclosure: Held
