hi went, sorry for late reply. Hubby got virus attack he shares...

hi went, sorry for late reply. Hubby got virus attack he shares this ‘fun’ to me! so have been out of action for the whole week.

The promised profit figures by Ruifu to Meidu in relation to the lithium carbonate production haven’t been meet/ reached. Ruifu’s original shareholder+ top management has a NET over Yuan $600,000,000 fee payable to Meidu. Not sure it means Ruifu paying for that or those people’s paying this from own pocket.
Meidu’s acquisitions of another EV car production also went south. It’s disvestment from property related activity to join lithium-related businesses sounds like a failed mission.
Both Meidu and Ruifu are copping a loss and emabarssments...
If our management are smart, cut lost with Ruifu to avoid their chaos dragging us down but get the Korean/ Japanese investors. Chinese is clamping down p-2-p lending so this tightling n control would not favour our path of a producer in quicker path...

p.s own opinion worth grain of salt n no one should take it as financial advice. Thanks folks