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clock Created with Sketch. 26/10/17
07:57
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Originally posted by SirloinSteak
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I would be careful with making suggestions about embezzlement or accounting fraud. There will be a payment as considered fair and reasonable. It will probably not be for a while after the price has frozen and everyone has given up and forgotten. Despite your suggestions, this is an Australian company with Chinese subsidiaries. The PRC would not stop any injunction made toward the parent company, if Australian judges should consider this an appropriate course of action given the circumstances. This like any other foreign company with operations in China. It was never a domestic Chinese company. Directors are legally able to oppress minority shareholders unless someone brings it before the court. It is not big enough for ASIC so if we want to stand up for our rights as shareholders we will need to do it ourselves. There are a number of ways we can do this.
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Can you provide one example of when this has happened?
