At least the ASX has stopped listing Chinese companies.

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matchbox20

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18/07/19

19:11

Post #: 39588415
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Originally posted by Super Sceptic ↑

Sounds familiar; https://www.scmp.com/article/460346/harassed-far-east-pharma-director-resigns-board;

A director of Far East Pharmaceutical Technology has resigned from the board during a furore over the whereabouts of the company's chairman.Barton Tso Ming-sing has resigned as executive director of the company, saying the move was an attempt to temporarily 'avoid harassment by the media'.He will remain as general manager of the pharmaceutical manufacturer that saw its stock plunge 92.44 per cent on Thursday amid speculation of a possible US$80 million loan default.The company's shares were suspended from trading by disallowed after it was unable to find senior management to explain the sudden drop in price. The stock remains suspended.The disappearance of chairman Cai Chongzhen has put the US$80 million syndicated loan under the spotlight, as the terms dictate that he retains his executive post and keeps a 56.41 per cent stake in the company, held through family trust Great Wall Investment.Mr Tso yesterday declined to say whether Great Wall had sold down any of its stake in the company. He said Mr Cai was undergoing medical treatment for heart disease in Fuzhou, but declined to give the name of the hospital.

It's the same Barton.
Is Hongwei Cai's father - Chongzhen Cai???

I warned you all ages ago - but some don't listen

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At least the ASX has stopped listing Chinese companies.

DFM Price at posting: 83.0¢ Sentiment: None Disclosure: Not Held
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