Since March 2020, due to the COVID crisis, the normal 30-day FIRB approval period has been extended to a maximum of six months. They’re trying to shield companies from firesale-style foreign takeovers, and so any deal from $0 upwards is now being scrutinised.
Hazer’s deal with APV is binding, so it’s a question of waiting until the application shakes down through the system. It’s quite hard to imagine a rejection, given they’re buying a relatively minor stake.
https://firb.gov.au/qa-temporary-changes-foreign-investment-framework
Since March 2020, due to the COVID crisis, the normal 30-day...
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Last
36.0¢ |
Change
0.005(1.41%) |
Mkt cap ! $82.84M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.5¢ | 35.5¢ | $102.5K | 285.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 53004 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 2500 | 1 |
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| Last trade - 15.47pm 11/07/2024 (20 minute delay) ? |
| HZR (ASX) Chart |