Any reason it wouldn't be approved? Per the following it seems reasonably straight forward
SAFE
After obtaining NDRC approval and MOFCOM approval, an application will need to be made to SAFE for the transmission of foreign currency funds out of China. This is usually the last step in the approval chain. There are no clear criteria for obtaining SAFE approval, although it is generally considered that if a full set of approvals has been obtained from NDRC, MOFCOM and (where applicable) SASAC then it is a straightforward process to obtain SAFE approval.
You would have to think a re-rate would be on the cards if it is approved and there is as much cash as the audited financials state.
XPD Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
