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7.2¢ g medical innovations holdings limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-78

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IronChef

68 Posts.

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28/03/19

14:43

Post #: 37915236
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Originally posted by Low Key: ↑

Hi IronChef, in order to list on the HK exchange, the company has to have a minimum market cap of US$200m.

There was an announcement to this effect last year, although it says that the minimum market cap is AUD$260m. Upon further research, the HK listing requirements is in USD, and it is US$200m, which now equates to AUD$280m given the excahnge rate has changed.

Also on this point, the exchange rate is very favorable at the moment making it a perfect time to list on other markets.

And Rubes I am not sure who the underwriter is, I assumed it was the Bank of New York Mellon but that's just a guess..

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So this is from Investopedia, dated April 2018. HK$500M is about US $64M. Where did you get the info that a minimum MC in HK is US $200M? Cheers.

GMV Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
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