"What Esh and others are saying is correct !!! they need to lodge a change in substantial holder notice to comply with the listing rules."
It is not just the listing rules it is Australia's corporations law. But to be fair it is up to Huayou to determine and report changes to their own substantial holdings (relevant interests) under the law, not AVZ. AVZ's estimates of Huayou's relevant interests are not the appropriate way of informing the market of reportable changes to such interests, as it is not their duty or obligation under the law to report such changes and they do not know the full extent of the Chinese shareholders associations and/or relevant interests.
Maybe someone should research the amount of State ownership of the each of the Chinese owners on AVZ's share register to see if such ownership constitutes a breach of other corporations law thresholds in relation to related party interests and disclosures that are supposed to be made in regard of such interests. That might help explain how the Chinese have managed to keep a strangle hold on the company and keep the share price down without having to move to a TO.
Maybe if instead of labelling people who are willing to pose questions as "haters", people back the questioners, those questions might lead to benefits for people batting on the side of the Aussie shareholders. Esh
AVZ Price at posting:
4.8¢ Sentiment: None Disclosure: Not Held
