GXY 0.00% $5.28 galaxy resources limited

Ann: Trading Halt, page-94

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  1. 4,125 Posts.
    lightbulb Created with Sketch. 1705
    I know it's only a news article, but the SMH reported:

    "In a statement, KordaMentha said China Hydrogen Energy was a "special purpose vehicle for a Chinese buyer and was considering whether an application to the Foreign Investment Review Board was required."

    How could KordaMentha not know if FIRB approval is required for a Chinese buyer? If it were a new buyer, with no previous Australian investments, it would be obvious from even a cursory investigation that FIRB approval would be required. One would assume that KM is all over details like this.

    I know I might be reaching here, but this leads me to consider that it may be either Tianqi or Gangfeng. Is it possible that because they already have exisiting investments in WA, they may not require FIRB approval to acquire an equity stake or TO of A40?
 
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