Ann: Wellao Joint Venture Agreement signed, page-20

Yes, it is because of this fire, a profitable-to-be business turned into loss making business in 2015 FY, as a result the covenant with bank was breached. The bank recalled all the debt to be repaid immediately. That is why WGH came for listing to solve their debt crisis. That is why we had chance to take up their IPO and lost almost 40% of investment in less than 4 months. What a siganificant event......what a long term implication.....

The good thing for the fire exposing to media is that the management have more pressure to impletment their risk control policy in case they forgot it after stealing 140m from investors into their personal pockets.

Having said that, there might be some purpose for the TIMING that the media disclose this old event.....