there will be no listings in HK without Big 4 subsidiary audits which cannot be completed. there will be no HK listing without local company profitability. these supposed subsidiaries would have to report independently and with HK compliance, and demonstrated independence from the parent company with separate management, sales teams, HR and independent board - it's impossible to list in less than 36 months, but then it's impossible to list because there's virtually no likelihood of HK compliance.
consider that this is the holding company that cannot spin-off in Norway, cannot list in the USA and cannot even up-list in the USA due to byzantine accounting practices. their best bet for anything is to do the spin-off's on OTCBB in the USA where there's almost no compliance, by comparison... put another way.... AliBaBa couldn't list in HK so where does this fit in the "awesome" investible universe" of HK stock opportunities? assuming SIAF can keep reporting in the USA their best bet is to do OTCBB spin-offs although again - it's unlikely people will invest in these spin-off's so whatever (if ever) is spun to current shareholders will be immediately sold, thus no market for the spin-off shares, either.
joe at one point mentioned that "company" this is becoming a salvage deal and after all of the reading material, I would tend to agree. *when is it halted altogether?
