WFE 0.00% 2.4¢ winmar resources limited

@fooca, Another play to add to the play book. A bit more...

  1. 7,639 Posts.
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    @fooca, Another play to add to the play book.

    A bit more education on how it works.

    (Note - the poster was genuine, he was mislead by the company name ICBC Capital)

    (The listed company, PDF was eventually de listed for long term suspension)


    Quote - from an old post.

    “Just doing some research into ICBC Capital...

    "Industrial and Commercial Bank of China (ICBC) Sydney Branch has a unique ability of helping customers to bridge the gap between the Australian market and China through its connections with the global ICBC group, thus being able to provide its Australian customers a full range of specialized banking services... The Sydney Branch positions itself first and foremost towards serving those Chinese companies investing in and trading with Australia and Australian companies investing in and trading with China

    It looks like the acquisition would be backed by Chinese capital, presumably with the intention of direct export to China.” End quote


    My reply, read a few posts either side of my post and you should understand.


    https://hotcopper.com.au/threads/funding-approved.2672280/page-4?post_id=16710421#.XszzWuQmKEc
 
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