Personally after several Ethnic chinese controlled companies (BGG PEZ SGG) I a have witnessed my investments in being squandered , and no follow up so far from ASIC I am now risk averse to anything to do with Chinese company directors , this following news article also does not help
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This month,
it was reported that Mulpha was pouncing on the 81 per cent of the Sanctuary Country Club – a private golf club – it did not already own. Four years ago, Aveo had paid Mulpha $15 million for Sanctuary Cove’s Recreation Club and driving range and the group is now reported to be planning a 163-unit retirement village on land next to the Country Club.
The deal is a Mulpha classic, a related party transaction where Aveo’s minority shareholders – those who invested via the Australian Securities Exchange – appear to be funding a large property transaction whose proceeds partially flow to the Lee family’s Mulpha group. Mulpha, in turn, has majority shareholders in one of the Caribbean’s most secretive tax havens, the British Virgin Islands."
https://www.michaelwest.com.au/aveos-billions-behind-the-impenetrable-aged-care-empire/
