The hold up is with the ASX. It is the ASX that is having queries about the company and compliance.
Strangely, ISX is having the same problem by the looks of it as it went into a trading halt yesterday or this morning with the same reason.
I wonder if this is because of the royal commision into the banking and finance sector that they are cracking down on compliance etc. Maybe the compliance department on the ASX and ASIC had there butts kicked and there is closer scrutiny on companies now.
Maybe it is time for AB1 to move it's headquarters out of Hong Kong and into a country that is not related to China. Singapore or Korea would be sensible option if they still want a asian footprint but they do have a global presence. Perception is a powerful thing.
xxxooo
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
