Directors state, "…Indicative Proposal is not sufficiently attractive to provide access to due diligence".
This ought to give China Energy Reserve the necessary kick up the rear to sweeten their opportunistic offer to a level to at least trigger acceptance of due diligence.
Also, once a takeover offer is made, it usually twigs the interest of other potential suitors.
Let the bidding war begin.
Directors state, "…Indicative Proposal is not sufficiently...
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