GREY:ADEXF - Post by User
Post by
hundredvanities1on Jul 08, 2012 8:48am
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Post# 20092467
China Process
China Process AXI management blames the slow China process for lack of progress, as if XinXing loves the deal but is being held back by the slow-moving Chinese government authorities.
But the ADV-Hebei JV deal gets approval from the Chinese National Reform and Development Commission less than 3 months after the deal was signed. The initial $88 million investment comes next week.
https://in.reuters.com/article/2012/07/08/hebei-invest-idINL3E8I800X20120708
There is no slow China process that lasts 2 years! There's just an incompetent management team that is just unable to close a deal. Xinxing has an option to sign a JV deal to develop Roche Bay, but Gingerich just can't get a Chinese signature.