I would say that the PRC has a great influence on what Chinese...

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03/12/23

21:22

Post #: 71245732
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Originally posted by GiddyYup: ↑

Thanks for your response Xerof. I haven't seen the agreement to which you refer however it is a very complex web which was the point of my comments. Some would like to think that any investor who is Chinese is part of one big conspiracy. Sure, maybe some are but that is surely missing the point. Drill into the complex web is who owns the various Chinese entities under discussion and you see some interesting things. The list of individual Chinese billionaires involved is long (no pun intended) and some benefit from the proposal and some lose out.

Irrespective of what ND said above, CATL are only a minor partner in Yibin. Its primarily controlled by Suzhou TA&A (about 70%) I believe. And before ND pops up and tells us CATL also owns part of TA&A, that percentage is tiny, ie about 0.8%. So any reassignment of the off-take to the new entity CATH results in a net transfer from certain Yibin and underlying TA&A investors to CATL whilst one in particular notably maintains their stake.

People like ND would like to believe that because they are all Chinese that we should just assume they are all one and the same and that the transfer or removal of certain interests in the project is therefore of no consequence to them, as if they were just one big family. I'm pretty sure the Chinese billionaires must laugh at ignorant comments like that, when they aren't at the meeting conspiring to steal his shares that is.

So, given that we know that the CATH proposal reallocates the beneficial interests from some Chinese investors to others, and that a key investor in Yibin WAS central to the CATH proposal (not CATL), don't you find it interesting that Yibin voted against the board in the recent shenanigans? If the key player in the CATH deal voted against the board, what makes you think the TIA remains unsettled at AVZs discretion?

PS. I am not suggesting that I have all the answers to what is going on here nor am I implying that any individual is doing anything wrong. From what I can see there are likely several people here that know the answers to some of these things as they probably know some of the individuals involved.

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I would say that the PRC has a great influence on what Chinese Companies & Billionaires do.

AVZ Price at posting: 78.0¢ Sentiment: Hold Disclosure: Held
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