Suspect your'e right CD - EOFY tax loss write-off - immediate depreciation against their winners.This should get the Chinese enough to win at the AGM. Sneaky af but quite smart playing this angle to instos that will just want it off the books imo
Could well find some sellers amongst the instos/super funds.
Also, going this way around they're not compelled to make a formal offer required to go through the BoD.