You imply that this is just another chinese stock on the ASX and I am just an average mum dad investor so I have no idea how many others there are. My impression is that SBB is one of the first and what happens here might sow the seeds for the rest ( love that tarnishing paint brush). Most people seem be pointing to the overseas (USA) listed experience and they have had many frauds and delistings. People are also implying they ALL trade on a low PE because of this.
In 5 min of research I found an interesting case EDU. muddy waters bagged it out as fraud and shorted it. The price went down... The company said no and bought back shares and have given divs. It's price has recovered and trades at PE 15. This is a company where a research team dedicated to finding chinese fraud called it a fraud yet it has not died! SBB has no implications of fraud, they are upfront with their non related liabilities yet we have crucified its SP. The only difference I see is that EDU has a longer track record.
Keep in mind I am no investing guru just a dad so DYOR but to me there are genuine risks but these are well and truly priced for.
