only one way it seems to be going, page-3

The current problem is the parent CIY.
This stock is suffering death by 1000 cuts.

CIY must eventually go through almost 100% redemption.
There is no other way I can see.
It could up on the scrap heap - another victim maybe.
What that means for CPK is uncertain.
CPK has borrowed heavily, and has higher interest rates and perhaps a property downturn to deal with.

Some might say it has over-borrowed, with over-priced property, a parent in trouble, and perhaps facing a property downturn.

It's damn cheap - someone might buy it.
Just my 2c worth.