ASIA

Sino funds locked in limbo

ENHANCED oil recovery services firm Sino Australia Oil & Gas' woes with the Australian Securities and Investment Commission are continuing, with the company's funds still essentially locked away in its Australian bank accounts.

Haydn Black

SAO wants to repatriate the funds from its initial public offer to China, however ASIC has secured a continuation of an injunction locking away the cash as part of Federal Court action against the company...

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