HXG 4.17% 2.5¢ hexagon energy materials limited

Trust Issues, page-13

  1. 4,662 Posts.
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    Whilst there may be perceived flaws in the DD process, my concern is the apparent lack of disclosure by Hengda on a fundamental matter such as this and what other unknowns the company could confront in the future. Under this circumstance, it would probably be better for LMB to use their get out of jail free card and move on with the project while dealing with corporate opportunities on its own terms. This situation certainly highlights the difficulties in dealing with entities in foreign jurisdictions. I have some familiarity with this from my own experience where we discovered a particular foreign company had 2 sets of accounts - 1 for the regulators and 1 for its owners.
 
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