Maybe the mystery buyer like myself thinks that the big hand brake on foreign investment in companies based in china is about to be lifted at the same time as VMT rises from the ashes.
There is some hope that a draft law that proposes to eliminate the restriction on movement of capital out of china will be passed next month. I think Trumps posturing may have a lot to do with it.
"As for profit, investment returns and compensation that foreign companies earn in China, they can freely be transferred abroad in renminbi or foreign currency, the draft law says"
The restrictions that came in dec 16 have certainly been a background worry hopefully China has seen the light.
Draft Copy :US-China Business Council - LawEnglish translation of the Draft Foreign Investment LawArticle 114 :"... the State will allow free inbound or outbound transfer pf legal property of foreign investors such as capital contributions, profits, incomes from asset disposal, ...
N'B' Asset Disposal.
Punters will have to start to realise soon that VMT is a bargain realestate buy with perhaps a lot of business upside.
VMT Price at posting:
6.1¢ Sentiment: None Disclosure: Held
