With this new acquisition deal, ANS/WAPRC has no further excuse to lodge their application for approval to China NDRC Shanghai office since Mbalam convention extension is no longer imposed a condition in the new acquisition agreement. Let us see whether they will lodge the outbound investment application soon or not. Only with China NDRC approval, WAPRC can remit their money from China to ANS bank account in Australia. It the money received by ANS in Australia, both ANS and SDL shares will be allowed by the ASX to trade again. This is the most important step for both ANS and SDL shareholders. For other steps regarding rail and port, this is the job of ANS and SDL board to fix and execute it with the support of their Chinese consortium. We do care that we can trade our shares again so we are able to determine our investment decision i.e, buy or hold or sell.
With this new acquisition deal, ANS/WAPRC has no further excuse...
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