SBB 0.00% 1.2¢ sunbridge group limited

One point of clarity that really needs to be understood about...

  1. 457 Posts.
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    One point of clarity that really needs to be understood about the legal status of this company.

    This is an Australian listed vehicle that owns 100% of a company that is registered in Hong Kong. The Hong Kong company then owns 100% of a China registered company. All of the bank accounts are in China and there are serious problems with moving out of China. Look at ASX: DXF, they announced a 1 cent dividend last year and still haven't paid it. The China government has not approved the money leaving the country.

    So all the blustering in the world about this being "Australian", nobody in China cares, the cash is in China and while that is the case, this share will stay where it is and not move.
    Last edited by pikel1980: 26/10/17
 
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Currently unlisted public company.

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