I’ve wondered recently if they ran afoul of the new face mask regulations, which off the top of my head were bought in by the Gov in response to massive global recalls of masks donated by the Chinese Gov.
Chinese Gov in major damage control and will be watching/controlling whatever they can to avoid potential future embarrassment.
The above mentions restrictions on Chinese financial institutions which could be read a number of ways. I was surprised they commented on restrictions at all, which may indicate severity, but you’ll notice they aren’t ‘Government restrictions’.
One of the reasons I picked up a few of these shares were the connections of senior management. Hope they’re helping.
High likelihood I’m wrong but you never know with China. Amazing people and country but until you experience living there I think it can be difficult to comprehend the level of uncompromising power they can wield. Particularly to save face.
Probably way off base but nonetheless.
EHH Price at posting:
14.0¢ Sentiment: None Disclosure: Held
