Has anyone heard whether China Life is still interested in 50% (as per the Oct AFR article). AOG must have had some reasonably positive interest to go through the effort of opening up the data room. Having said that, the market is obviously not buying it until the potential bidders stump up with something concrete. Long term assets like these should suit a number of buyers (including China Life), however I suspect they would want exposure to the assets rather than AOG itself so may result in some form of restructure (eg separate asset trust etc) to achieve it.
AOG Price at posting:
$1.56 Sentiment: Buy Disclosure: Held