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24/08/15
22:46
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Originally posted by jwong0168
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My advise to all potential investors is to stay away of any Chinese IPO. First, the rules in Chinese are not transparent. Second, if this is so good, they would list that as A share in their own stockmarket in China. Third, not sure if you remember about 15 years ago, when China Construction listed in ASX, invested mainly on infrastructure in China at that time with some background of Chinese government as directors, sounds good at that time? A lot of so called analysts said that was a must hold stock. Well, after 2 years, that share simply went from $1 to $0.01 and their office was closed. Shares were suspended in ASX but never actually delisted.
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Fair points you make
The China stock market might not be the right place for them. I don't know the rules like I do with ASX, but I'm certain that there would have to be a significant percentage held by the government either directly or indirectly...correct me if I am wrong on that guess?