Industrial Update
As already reported by GMA the GC of the HKAOA has, on Tuesday of this week, voted not to support the deal negotiated between the Company and the AOA after 8 long weeks of hard work. This is frustrating for everyone involved especially as we were under the impression that the AOA team remained within the mandate set by the GC. It is also important to clarify that the GC has not turned down a Company proposal. It has turned down a negotiated settlement containing numerous proposals from both sides. We will obviously have to find out, at some point, where the AOA negotiating team exceeded its mandate and why the deal was not supported. In the meantime we are back to status quo.