The FIRB has wide scope for receipt of notification and review of foreign investment into Aus land or minerals.
In addition, the Treasurer has call in powers to make its own review and approval or disapproval.
Their review actions can be triggered by the JC getting as little as 10% of ARL.
In some cases, even if the foreign interest holds no equity, but the BOD of the Aus company is under the direct influence of the foreign interest, a FIRB review can be triggered.
It’s not as straightforward as we might think to issue shares to the JC.
The FIRB has wide scope for receipt of notification and review...
Add ARL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
69.5¢ |
Change
0.040(6.11%) |
Mkt cap ! $138.6M | |||
| Open | High | Low | Value | Volume |
| 65.0¢ | 69.5¢ | 56.0¢ | $363.8K | 598.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 34342 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 69.5¢ | 1399 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
67.5¢ |
Change
0.040 ( 0.75 %) |
||||
| Open | High | Low | Volume | ||
| 62.0¢ | 67.5¢ | 56.0¢ | 183666 | ||
| Last updated 15.47pm 03/05/2024 ? | |||||
| ARL (ASX) Chart |