Statement from OIO last Friday suggests that approval would not be given before SFF special meeting. What's the point for OIO to make a decision if SFF shareholders have not decided? For the same token, Shanghai Maling would NOT bother to deal with OIO unless SFF special meeting re-approves the sale, which looks unlikely given the high hurdle of 75% approval rate.

The next logical issue would be how much SFF has to pay for the services of Goldman Sachs and others. It was SFF, not Shanghai Maling, appointed Goldman Sachs for capital raising.

Would SFF be able to continue to collaborate with Shanghai Maling after the special meeting? Probably not. The reputation of SFF board and mangers would not be regarded in China. Shanghai Maling learnt a lesson and would find alternative sources of beef from Australia and Brazil, rather than wasting time in NZ.

SFF would be 100% retained in NZ. I would expect a share price of 40 cents after the special meeting.