You can copy and paste any webpage URL into this tool here (http://itools.com/tool/google-translate-web-page-translator) and it will translate the page for you. It's worth a read.
What is ‘HSBC Custody Nominees (Australia) Limited’?
"It is what is called a “custodian bank”. A custodian bank’s job is to hold the financial assets of “institutional investors” such as superannuation funds, insurance companies and fund managers.That means the shares are not in fact owned by HSBC at all, but simply held on behalf of a large number of different institutional investors of which we know nothing at all. These “nominees” are set up to manage other people’s investments. But because they are not public companies, there is little available information about who, where and how many investors there are."
“[A]ll frequently show up together among the top 5 or top 10 shareholders. They simply represent a very large pile of money, all of which has to be parked somewhere … Unfortunately, it is practically impossible to track down the identities of those underlying shareholders through the various financial structures that hold shares for each other and on behalf of each other.”
ML had to move 20+ Million shares somewhere. Why hide it from your own name at this stage in the game especially when an investigation is occurring and the MD recently resigned?
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