There could be another factor delaying investment from China. I've regrettably invested a parcel in a Chinese company listed on the ASX, ticker: XPD (anyone considering jumping in on this stock I'd suggest a trip to the casino and putting it all on red instead). Anyway that company is having trouble getting money from China to Australia which is causing issues. China has recently brought in new currency regulations limiting international transfers. I'm not sure to what extent these regulations would cover a financing deal such as the one proposed with IBG but it might be making things a bit trickier.
Few articles about it I found immediately from a google search:
http://www.lexology.com/library/detail.aspx?g=a684de46-08da-4684-ac50-e4951651e470
http://www.shanghaidaily.com/business/finance/Chinese-MAs-set-to-slow-in-2017/shdaily.shtml
https://www.bloomberg.com/news/arti...ansaction-rules-not-capital-controls-ixfjr9ir
No news by week End walk, page-8
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.500M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $287 | 95.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 117621549 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 2545244 | 4 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| IBG (ASX) Chart |