Jin Lin would need to explain any negative developments re:...

Jin Lin would need to explain any negative developments re: TerraE to his mother, Yunhui Lin, who owns 100% of AL Capital Holding Pty Ltd. Shangjin 'Jin' Lin, under power of attorney, signed subscription agreement for AL Capital on behalf of his mum. 29 year old is Group Managing Director of Aqualand and oversees AL Capital, the new investment arm of the group.


Guess Lin family sufficiently well off to bet relatively small sums as they see fit: few months back they bought $10M stake in distressed McGrath real estate through ACL.
That investment understandable from risk assessment POV given Aqualand's business background and falls within sphere of core competence.

On the other hand, Cong Ming were responsible for introducing the wealthy Chinese family with no history or expertise in battery/mining business to Magnis:
"Cong Ming Limited, a consultant of the Company has assisted with services provided for the work involved in securing the September 2018 fund raising for the Company.Shareholder approval is sought pursuant to ASX Listing Rule 7.1 to issue 5,000,000 unlisted options to Cong Ming Limited in consideration for all the efforts and services to date and as a share based incentive (Consultant Options) to ensure the future of Magnis."

Cong Ming been involved in similar fee-based introductions such as the Universal Coal (UNV) capital raising.


Having cornerstone investor devoid of business experience in cell manufacturing or graphite industry better than going broke but adds little credibility to battery adventure. Some might say it detracts...