Latest announcement by Baker Tech

Baker has just announced that it is willing to lower the sale price for PPLH from US$155m to US$116m due to the on-going litigation with sembcorp. I've never seen a company that is so eager to sell off its subsidiary at a much lower price or a further discount of 25%.  Something is obviously and seriously wrong with the company or the management.  Looks like the big winner will be yangzijiang as its acquisition cost is 25% lower and it is protected from the lawsuit taken by sembcorp.