hi matchbox
good question, but as pet Australia owns best china and have stated a number of times no problems getting money out of china ( not that I think they want to right now as china needs money for new plant and working capital) does it really matter, maybe just on the perception side?
The main areas of oversea money is Europe, owned by pet Australia, USA sepro license and Brazil hydro licensee . To my way of thinking these have a agreement with pet Australia not best china so they should be paying pet and not best. For accounting pet would then owe best cost price? This might not mean sending them part of the money maybe just a journal entry ?
Thanks
mickem
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