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One thing is for sure Minsheng needs another $100 mil bad debt...

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Andy68

284 Posts.

39

22/08/17

17:11

Post #: 26669478
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Originally posted by Hot_tomato ↑

Andy my son. And to all those who think "no bank would lend this dog money" fools run blind. Hoots and others just shoot from the hips and have no idea about reality just vengeance.
Who would lend this dog money?
Oceanwide is CDU largest shareholder. Owned by the 9th wealthiest person in China.Mr Lu Zhiqiang. He founded the Minsheng Bank and remains 2nd largest shareholder. Owns 100% Minsheng Financial Srrvices China . Last year purchased Global multinational "Glenworth Financial Srrvices Inc. " for $US2.7Billion. He is controlling shareholder and founder of "Lenovo" largest personal computer maker in the world. Oceanwide is largest private construction co in China over 100,000 home units per year. Currently building two Hilton hotels for his group and shopping center and apartment complex in Los Angeles and San Francisco.in 2016 paid $US1.6billion for two blocks land in manhatten NY. Owns insurance companies, ports in Shanghai and HK. Operates in 87 countries. And probably owns every financial institution lending to CDU. So no more crap about , where is the money coming from. When he says it stops it stops. He probably forgot he owns it. CDU won't stop because of $$$ it will stop when he realizes its run by fools. That's when it stops. So find another subject. You can dial him up to add more info. Would fill the page with what the group own. So don't worry about the money supply until he decides it's over. Caprendy folks?

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One thing is for sure Minsheng needs another $100 mil bad debt like a hole in the head right now. DYOR

CDU Price at posting: 40.5¢ Sentiment: Sell Disclosure: Not Held
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