GBM Resources (ASX:GBZ) entered into a memorandum of understanding with its largest shareholder, Wise Walkers, to support and help in preparatory work for a possible secondary listing on the Hong Kong Stock Exchange, according to a Thursday Australian bourse filing.

The agreement with Wise Walkers is for an initial 18 months, with an automatic extension period for another six months if the Hong Kong listing process begins. Wise Walkers will fund all listing-related expenses, repayable only upon successful completion of the secondary listing.

Wise Walkers will also act as an advisor, introducing Hong Kong-based professional advisors, and helping with preliminary coordination, investor marketing, and regulatory preparation.