DFM 0.00% 83.0¢ dongfang modern agriculture holding group limited

Dawes Point - Note from the Broker, page-3

  1. 268 Posts.
    From the prospectus.

    On 29 May, 2015, the Company made application to the ASX for the Company to be admitted to the Official List and for the Shares offered by this Prospectus to be granted Quotation – see section 4.10 for further explanation.
    In recent years, Australian Commonwealth and State Governments, together with the ASX have been promoting ASX as one of best destinations for IPOs in a global market. As a result, a number of Chinese enterprises have submitted applications and have listed in ASX.
    After careful assessment of other overseas stock markets, the Directors are of the view that the ASX is the most ideal stock market for listing. The key advantages of listing on the ASX over other stock markets that the Directors have assessed as are:

    • simpler listing process;
    • high transparent government regulation;
    • low cost of maintaining the listing; and
    • good agricultural business investment exposure.
    In addition, currently with more than 2,000 listed companies in ASX there is no direct investment opportunity for Australian investors into the ever growing China's agricultural industry and the Company with its proven and excellent business trading history, provides this credible opportunity to the Australian public investment community.
    The reasons that the Company is seeking admission to the Official List are that it will:

    · allow the Company to raise capital from a wider market in order to, among other things to expand existing business, acquire or establish new businesses and fund acquisitions;

    · raise the profile of a company to institutional and professional investors;

    · provide a means of increasing the number and diversity of Shareholders;

    · enable Australians to acquire an interest in a substantial profitable agricultural enterprise conducted outside Australia in the PRC;

    · improve the Company's public recognition and commercial standing outside the PRC;

    · improve Company’s investor profile;

    · provide de facto third party valuation of the company by the market.
 
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Currently unlisted public company.

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