I would be very surprised if XPD held as much as 10% of what's reported. Same can probably be said about SBB.. Auditing in China is completely unique and what better way to satisfy the minimum admission criteria for listing on the ASX than the low cost production of a healthy balance sheet...
Initial CR retaining majority ownership, followed by dividend(s) until release and sale of escrow shares, and Bob's your uncle!
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held