Fistly the company taking over Eoc is looks like a shelf Chinese company set up to take over distressed Australian assets instead of playing the full price.
It seems the Chinese are using the slow economy to exploit assets which would otherwise be a worth a fortune.
Purchasing distressed assets is the Chinese method of bypassing the foreign review board because the assets not developed enough to be scrutinised.
The board seems to short sighted to see this because their large investors are spooked. The board wants their large 200k plus salary and the large investors are often institutions who dont think long term.
I will not sell.
EOC Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
