This is looking more and more like a new entity being created and listing on the HK exchange.
The chinese consortium wouldn't want to list on the ASX as they could have better access on the HKSE and less restrictions.
Be interesting to know how much ANS would hold in the new entity and my guess is Ding's $100Mill would go towards the new entity.
Why further dilute the ANS share register? There is no need to.
As Ding was the whole and sole dealmaker that put this project all together, I'm sure his chinese partners will certainly look after him.
In a few months 50c will be cheap for ANS shares, certainly when all the pieces of the puzzle a put together.
My opinion only.
ANS - Execution of Infrastructure Contracts, page-7
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