RCI rocklands richfield limited

jindal to continue bid, page-7

  1. 733 Posts.
    If Jindal own less than 15% of RCI and dont bid in excess of $219 Million (total valuation) than the deal can proceed without review?

    Can someone clarify or confirm my understanding of the following paragraph:


    Changes to Foreign Investment Policy - Monetary Thresholds

    On 4 August 2009, the Treasurer announced the following reforms to the foreign investment screening framework:

    Replace the four lowest thresholds for private business investment ($100 million, $110 million, $200 million and $219 million) with the highest of these a single threshold of 15 per cent in a business worth $219 million. This means private foreign investment in Australian businesses below $219 million can proceed without review.

 
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