Reality check
When SDL signed MOU with Tidfore few months ago that Tidfore will acquire 51 per cent of CAM SA, the ASX did NOT raise any question.
Why? Because Tidfore has financial strength that has a lot of experiences and good international reputation with successful execution in huge projects.
Up to now, it has been one month after the deals with SDL and WAPRC, ANS has not updated investors whether WAPRC has lodged the application for Outbound Investment to Shanghai NDRC office or not. We have not heard whether WAPRC has lodged application for FIRB approval. So what has been happening? Of course, it will take four months for all documentations according to the announcement, however no update means something may not go smoothly.
