I note some discrepancy in the two announcements, in bold:
"The key commercial terms include:
(From SBS) "WMT has paid a deposit of A$100,000 to SBS on signing of the HOA and a further deposit of A$150,000 is payable on signing of the formal sale agreement."
(From WMT) "WMT will pay a refundable deposit of A$100,000 to SBS on signing of the HOA and a further deposit of A$150,000 on signing of the formal sale agreement."
and .......
(From SBS) "WMT will pay SBS a further A$250,000 on 31 December 2009, subject to finalisation of certain tax liabilities associated with the assets being sold."
(From WMT) "Finalisation of the transaction may see WMT pay SBS a further A$250,000 by the end of 2009 subject to the final liabilities of the Target Companies being determined."
SBS Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held