RE:Every day is Garbage Day on this boardEveryone can read if that's what you are implying. Clearly you don't understand the deal at all.
Geo-Jade don't have the right to buy Bankers, longzhou xinke ("the affiliate") of Geo-Jade. However, Geo-Jade has not yet raised the money (rmb 8.2 billion) to buy the affiliate yet. Based on what I have read in the offering memo for the private placement that Geo-Jade is raising (total of RMB 15 billion ish), the affiliate doesn't have the money to buy BNK, hence we have Geo-Jade trying to raise the money through private placement deal.
All I know so far is Geo-Jade has interests from 10 investors for two rounds of private placements. First round of RMB 8.2 billion to acquire the affiliate, and second round for UP TO RMB 7 billion to acquire BNK and Yargeo (russian oil field).
Long-story short, NO MONEY has been raised as of today. The "definitive" agreement just means the affiliate has the purchase right.