BACI have not seen the open letter in the G&M. Any news on who wrote it?
Interesting to note that in an article dated December 24th, Chinese regulators have asked for the removal of BAC's CEO from their Board. This is the same person who told HF that they would leave if HF did not go private and who signed the original deal with them back in 2010. Here is the part related to the CEO.
Securities regulators in the northeastern China's Heilongjiang have also suggested the removal of Ding Xiaofeng from the board of the Heilongjiang-based Beidahuang Agriculture in late November for perceived failure by his company to disclose information on lending and borrowing, which was in violation of regulations.
Authorities also blamed him for his absence from company board meetings more than twice, for doing so without appointing a proxy on his behalf and for other accusations of negligence.
https://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20131225000001&cid=1103