RE: Worrying23 Jul 2023 20:41
For example, would a worst case scenario see Hainan walk away? Let’s consider — KOD and Hainan combined would lose, at most, an additional 15% of the project (or 7.5% each). If the law were changed, and it did affect KOD, then this would at most see the value of the JV drop by a concomitant amount — and the government would in all likelihood have to pay for these shares.
Nobody gives away 15% of their business or investment