I owned 3 companies with significant Chinese interests, those being TTC, PHK and SEH. TTC and SEH have screwed the Australian shareholders and PHK will pan out the same way, now that they have all manufacturing in China. I'm out of PHK and TTC and I'll take the 25c for SEH.
It's disappointing that after 9 years the share price is lower than when they started. I get why SEH management are selling out - the Chinese drive a hard deal which ends up being all their own way again. The big problem here is that the management haven't been honest with us and the shareholders have been naive.
SEH Price at posting:
23.3¢ Sentiment: Hold Disclosure: Held
