CDC's business description is very simple - PRODUCING & SELLING MILK. But so many layers (as below) in it's corporate structure appear to indicate as if something is fishy. This may be impacting the share price negatively.
China Dairy Corporation Limited (ASX:CDC)
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Value Development Holdings Ltd.
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Value Development Group Limited
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Harbin Jiasheng Consulting Managerial Co. Ltd. (WFOE)
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Heilongjiang Zhongxian Information Co., Ltd.
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Heilongjiang Xinhua Cattle Industry Co., Ltd.
&
Shangzhi Yulong Cattle Co., Ltd
Any other idea why share price is not bouncing back despite of good profitability?
Simple business but complicated structure?
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