The acquisition deal is less likely to be completed in November 2019 due to many steps which should be satisfied by both ANS and SDL.
We only hope that China NDRC approval could be received by WAPRC before end of September 2019 or early in October 2019 so $100 million could be remitted by WAPRC from China to ANS bank account in Australia in October 2019. Hopefully with the EVIDENCE of $100 million in ANS bank account in Australia, the ASX will lift up Trading suspension of both SDL and ANS in November 2019. This is what we need as a holder of SDL shares.
So other legal documents including issuance of shares could be dealt later as per the acquisition agreements.
As a shareholder, the priority is that the ASX could lift up the Trading suspension. Therefore, China NDRC approval is the most important factor in this deal. Without China NDRC approval, there will be no acquisition.
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