Here's 2 extracts from Swan's FIRB amendments. They seem confusing to me. Is it an investment of $219m or 15% of a company worth $219m? They are dated 4 Aug. In any case sovereign investment is excluded. "In order to reduce these disincentives, the Government will:
Replace the four lowest thresholds for private business investment with the highest of these – a single threshold of 15 per cent in a business worth $219 million. This means private foreign investment in Australian businesses below $219 million can proceed without review.
Summary of Measures Announced: The Government will:
Amend the Foreign Acquisitions and Takeovers Regulations 1989 to replace the four lower business thresholds with one higher threshold of 15 per cent or more of a business valued at $219 million or more ."
Whatever it all means I agree, it would appear to have little to do with KZL.
KZL Price at posting:
$1.09 Sentiment: None Disclosure: Not Held
