Today's announcement on the "new strategic investor" Mr Hung Cheung (Chairman of Rui Kang Pharmaceutical Group since 2010). Rui Kang has made losses every year since at least FY2011. FY2015 Sales Revenue AUD 5.9 million. Current market cap AUD 22.6 million. Rui Kang was also reported in the Press; http://www.scmp.com/sport/soccer/ar...isted-chinese-firm-set-buy-aston-villa-report
As potential bidder for Aston Villa soccer club at a price of AUD 145 million! A natural diversification.
Dongfang describe Cheung as a "tycoon". Not sure that this description is justified. But then again Mr Chiu So only worked as an Executive Director at China Packaging Group for a total of 19 days (career highlight). This probably means that Ms Dan Lin worked in a Telstra shop for 3 months selling mobile phones.
DFM Price at posting:
$1.03 Sentiment: Sell Disclosure: Not Held
