My thoughts only the seed investors are well known to Mr Xu and I would even go on a limb and bet they are the owners of the mens stores, Mr Xu mentioned that he is floating the coy and has given them cheap shares in return they sell the profitable stores back to him at a discount but not on paper and they have an opportunity to take funds out of China hence why they sold out as soon as they can, just my thoughts.
SBB Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held