Although NNRF was established as a so-called foreign company for all practical circumstances...it was to simply act as a 'tool' during the State process of consolidations and privatization...and without having to be fully-reporting in the very beginning -- where else but the US pink sheets is there such a temporary unregulated market to somewhat act in a somewhat off the mainstream spot light arena, but still be able to raise capital and form stock-based J/V's, acquisitions, partnerships...etc?...
...the percentages are within the State guidelines of foreign ownership of allowed public/private participation/partnerships for this newly privatized strategic sector also.
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