$5bn china bank backs congo project, page-5

Part of the outcome from Dingyi Annual Report yesterday

"On 11 April 2013, after trading hours, the Company has made an indicative, nonbinding, incomplete and conditional proposal to Elemental Minerals Limited(“Elemental”) which could result in a cash offer being made by the Company to acquire all the issued shares of Elemental (the “Elemental Shares”) for an offer price of AUD0.66 (equivalent to approximately HK$5.3832) per Elemental Share (the “Proposed
Offer”) if it were to proceed to a formal offer. Elemental is an advanced mining exploration and development company dual listed on the Australian Stock Exchange and the Toronto Stock Exchange. It is currently developing the Sintoukola potash project located in the Republic of Congo. The Proposed Offer or any offer to be made by the
Company, if made, may constitute a notifiable transaction for the Company under Chapter 14 of the Listing Rules.
On the same date, the Company also entered into an exclusivity and cost reimbursement deed with Elemental (the “Exclusivity Deed”), pursuant to which Elemental (i) must not have any discussions or negotiations relating to other potential competing proposals; and (ii) must ensure its representatives or related organizations do not directly or indirectly solicit or initiate inquiries, proposals or discussion regarding any potential competing
proposals, within the maximum period from the date of the Exclusivity Deed to 11 May 2013 (unless extended), Elemental has also agreed the arrangement for the cost
reimbursement.
On 13 May 2013, the Company and Elemental have mutually agreed to extend the exclusivity period from 11 May 2013 to 31 May 2013 (unless further extended).
On 30 May 2013, the Company and Elemental have further mutually agreed to extend the Exclusivity Period from 31 May 2013 to 30 June 2013 (unless further extended)
in order to enable Elemental and the Company to finalize the outstanding due matters,comply with the regulatory requirements and facilitate further negotiation."

Could this be followed by an update today?