The funds should be in the bank on Monday.
It will be held in a trust account until the agreement is completed. (Neither party can access the funds until conclusion).
I can't view this as the deal is done and I expect the sp to reflect that, meaning, I don't expect to see 90c -$1 until it becomes binding.
W
Within 10 days the sum of HK$100M (US$13M) is to be deposited into a nominated bank account and designated specifically for investment into the proposed joint venture.
GPX Price at posting:
49.5¢ Sentiment: Buy Disclosure: Held
