The problem with this stock is mainly that the market is suspicious of the Chinese majority holding. This increases the relative size of their holding and at a price far below what they paid last time. It may be only an incremental increase, but at what point will they insist on another board member? Currently they have 52% of the shares, but only 42% (3/7) of the board. At 57% you would think they would have the right to demand an extra seat, giving them a board majority?
Add to My Watchlist
What is My Watchlist?
