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Bingyue Capital Counseling International Casting Industry through ASIC Registration

On 10 August 2017, the securities and investment commission of Australia issued an approval letter for the registration of International Foundry Web Limited with ACN code: 621016386.The approval letter is as follows:

According to the provisions of the Australian securities and investment commission (ASIC) and the Australian company law and the listing rules of the Australian national stock exchange (NSX), local (Australian local) companies and foreign companies (meaning companies outside Australia) are subject to different listing rules to list in Australia.All foreign companies listed in Australia must first through the SFC registration, obtain ARBN code, then can be submitted to the NSX exchange listing application;Or a local registered company in Australia can actually control the domestic company by setting up a red-chip structure, and submit the enterprise preliminary review materials to ASIC to obtain ACN code.Companies that have not been registered with SFC and have not obtained an ARBN (or ACN code) cannot be accepted by the stock exchange (see section 3.4 of NSX listing rules General).Chinese companies listed in Australia under the red-chip structure are eligible for this provision. After obtaining the ACN code, local Australian brokers, accountants and lawyers began to help enterprises enter the stage of producing listing materials and submitting listing application to the exchange, which is a step closer to completing the listing of NSX.
International Foundry Web Limited has been approved by the Australian securities and futures commission, and bingyue capital's investment banking team has played an important role. As a professional counseling institution in China, bingyue capital will help more Chinese enterprises to enter the international capital market.

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