Landbridge Group Co., Ltd made a confidential non binding proposal to acquire WestSide Corporation Limited for approximately AUD 160 million in cash on February 7, 2014. Landbridge Group will acquire all outstanding shares of WestSide Corporation for AUD 0.36 per share. Landbridge intends to compulsorily acquire the remaining shares if it receives acceptances for 90% or more WestSide shares. Landbridge will fund the offer from existing cash and from finance facility from Industrial and Commercial Bank of China. The bid is highly conditional and subject to, amongst other things, minimum tender of 51% shares, the approval of various third parties including approvals from Chinese National Development and Reform Commission, Chinese Ministry of Commerce, Chinese State Administration of Foreign Exchange and Australian government regulatory approvals, no declaration of any distribution in the form of dividend, capital reduction or otherwise and Landbridge undertaking due diligence. The takeover bid will be open for not less than a month from the date of mailing of the documents. The offer will commence on May 8, 2014 and end on June 24, 2014.

As of March 10, 2014, the Board of Directors of WestSide Corporation advised the shareholders to take no action. As of April 24, 2014, Shandong Landbridge Group increased the bid price to AUD 0.4 per share and will acquire WestSide for approximately AUD 180 million. The new takeover bid is less conditional and contains no conditions to the actual making of a takeover bid. Foreign Investment Review Board and Chinese National Development and Reform Commission approved the offer. Angus Karoll, Nathan Mitchell and Energy Infrastructure Trust already sold their shares to Landbridge and now owns 19.9% stake in WestSide Corporation. As on May 5, 2014, WestSide's Board of Directors recommend that shareholders do not accept Landbridge's offer for AUD 0.4 per WestSide share due to multiple factors.

As of May 13, 2014, Landbridge received approval from Chinese Ministry of Commerce and Chinese State Administration of Foreign Exchange and Australian government regulatory approvals. As of May 16, WestSide's Board unanimously recommends that shareholders reject Landbridge's offer, as it is inadequate and fails to meet Board's view of full and fair value for the shares. Landbridge will be entitled to acquire compulsorily any outstanding WestSide shares, for which it has not received acceptances on the same terms as the offer if, during or at the end of the offer period, Landbridge has a relevant interest in at least 90% of WestSide shares or has acquired at least 75% of WestSide shares for which it has made an offer. As on May 22, 2014, Landbridge issued a second supplementary bidders statement for the transaction which was approved by a resolution passed by the Directors of Landbridge. As on June 12, 2014, the offer period was extended to July 8, 2014 from June 24, 2014.

As on June 26, 2014, Landbridge Group Co, Ltd declared its offer unconditional and offer price final. WestSide will recommend its shareholders to take no action with respect to Landbridge's offer. As on July 1, 2014, WestSide Corporation Limited issued a second supplementary bidders statement for the transaction which was approved by a resolution passed by the Directors of WestSide Corporation Limited. On July 3, 2014, WestSide Corporation Limited issued a third supplementary bidders statement for the non binding proposal to acquire WestSide Corporation Limited. As of closing date of July 2, 2014, Landbridge Group holds 23.77% stake of WestSide Corporation's total issued shares.

As of July 4, 2014, Landbridge acquired 17.7% stake from New Hope Corporation and New Hope Corporation intends to sell the remainder of its WestSide shares in the coming days. Landbridge now has a relevant interest of 31.04% in WestSide. Directors of WestSide Corporation Limited recommended shareholders to accept the offer from Landbridge Group Co., Ltd. As of July 7, 2014, the offer period has been extended to July 22, 2014, unless further extended or withdrawn. As of July 22, 2014, the offer period is extended to August 5, 2014.

Link Market Services and Boardroom Pty Limited acted as registrar for WestSide. Michael Hansel and Katherine Hammond of Hopgood Ganim acted as legal advisor and PricewaterhouseCoopers acted as financial advisor to Landbridge Group. Highbury Partnership Pty Limited acted as financial advisor and Allens acted as legal advisor for WestSide Corporation. Pitt Capital Partners Limited acted as the financial advisor to New Hope Corporation Limited.

Landbridge Group Co., Ltd completed the acquisition of WestSide Corporation Limited on August 5, 2014. Cheng Ye is appointede as Chairman and Jingxia Liu appointed as Director of WestSide Corporation Limited. Landbridge Group Co., Ltd. will compulsorly acquire the remaining shares and delist WestSide Corporation Limited from the Australian Stock Exchange. As of September 18, 2014, WestSide Corporation Limited is removed from the Australian Stock Exchange.