The only amendments I could find between the 2 versions was:
1. Deletion of a para on the background of the new Chinese Director Zhigang Zhang; and
2. A graphic on the structure of PHK's China business which shows how complicated the cross holdings now are (assuming it is correct!!).
The actual forecasts and valuation appear to be unchanged.
The only amendments I could find between the 2 versions was: 1....
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