Yibin Tianyi will require Chinese Overseas Direct Investment (“ODI” approval to complete this investment. With the reduced investment amount (under 10%) and with no Board seat, the Placement is not subject to the approval of the Foreign Investment Review Board.
Do you think AVZ did not do its homework, or tells furphies to the ASX?
Just a thought.
AVZ Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
approval to complete this investment. With the reduced investment amount (under 10%) and with no Board seat, the Placement is not subject to the approval of the Foreign Investment Review Board.
