AIO 0.00% $9.13 asciano limited

asciano deals with a train wreck

  1. 129 Posts.
    This on news.com today...might explain the CEOs recent transactions....

    IN the next two weeks, KPMG will complete a study into rail and port operator Asciano's non-performing assets, which will verify the dire financial distress the assets are in, and confirm the need to sell them -- if it can find a buyer -- or close them down if it can't secure massive subsidies from the state governments....

    Rest of article:
    http://www.news.com.au/business/story/0,23636,23048307-14334,00.html
 
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