SLI shenglong international investment limited

shenglong

  1. 16,336 Posts.
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    I would like to know who is investing in this and why. Its a mutt as far as i can see. How can the asx even list this.

    200m market cap , lol . One shareholder owns 95% and the company owes him $45m and its registered in the British vigin Islands .They want to raise $12m.

    http://www.shenglonginternational.com/download/2013531799550.pdf

    http://www.asx.com.au/asx/research/upcomingFloatDetail.do?asxCode=SLI
 
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Currently unlisted public company.

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