Just met one of my friends who is working for Chinese Financail industry in dinner.
I mentioned the KZL's funding trouble with him, when I just said GFTG transfred holding to BVI ....registered company, He halted my talking just after he heard "BVI" ....
"oh, it is to be prepared for takeover." He explained to me the benefits from BVI, other Chinese company doing the same way......regulation...tax...
Anyway, this is still his personal idea but we talked a bit more about other potential buyers from China, the additional benefits including the buyer can be listed in ASX and new IPO to recover the cost for acquiring KZL......
I will contact one of my clients in China who is seeking copper/gold projects in Aus tonight.
Just met one of my friends who is working for Chinese Financail...
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