On May 21st, it was reported that one of Anglo American's largest shareholders, Li Zheng Investment Management, expressed support for the miner's spin off plan. Last week, Anglo American Resources Group, which was listed in London, announced plans to spin off while attempting to persuade shareholders that the company "has an attractive future as an independent group" after rejecting BHP's two offers. BHP Billiton will decide in less than two days whether to increase its bid for Anglo American or abandon the acquisition.