Very interesting. Watching from the sidelines but been keeping...

Very interesting. Watching from the sidelines but been keeping tabs for a while. The past few years have definitely been total sh!t for SH returns and acquisitions weren't great.

Thing is governance in Hong Kong is really bad. Chances are the board will just find a "unrelated" *cough* chairman who will just do the CEO's bidding after this. Hence why I'm still staying away.

But I'm hoping the best outcome for all shareholders either way. Founder led companies generally lead to better outcomes, but the remuneration is too high for the amount of results which means there's no incentive for CEO to improve company results vs just taking the salary. The cash burn should have burnt the company but seems like investors in the past have been willing to raise cash to keep dying companies alive