CDC 0.00% 6.6¢ china dairy corporation limited

The lesson of ENC, Two options for CDC, page-19

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    All the large audit houses are in the US why not use one of these. If the business is as profitable as they say it is, it shouldn't be a problem. Instead they go to a small accounting office? I don't buy it. Also I don't buy for one minute how profitable the business is. The fixed asset expenses are more than the op cash flow. I question how much of this is actual investment instead of long-term maintenance.
 
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