Clearly communicated announcement with reasonable milestones and goals. CNY results due within the next week or so. CR seems to be focused on the participation of Chinese mainland stakeholders. Not unhappy with any of that.
This part was new:
Chinese banks – Bird’s nest corporate gifts program:
The Company is seeking to enter bird’s nest products supply agreements with major Chinese banks. Corporate gift giving is an important feature of Chinese corporate culture. High-end bird’s nest products are commonly gifted by major banks to their corporate and high net worth clients. Company Director Michael Huang and the Foshan management team have already commenced discussions with major banks regarding potential bird’s nest supply arrangements with Foshan. These discussions will be further progressed during the CEO’s visit in China.
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