NNW 1.43% 7.1¢ 99 wuxian limited

Ann: 99 Wuxian delivers significant revenue and profit growth, page-31

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  1. 624 Posts.
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    It is very clear that the company should get a move on and migrate the listing to the USA. This was always an odd listing because of the lock up of a huge amount of stock with big Chinese "names". Therefore the free float has been small apart from some release of escrow + a raise by Fosters who appear to have deserted the stock after one research report!! There were no decent blocks of stock available for insto or fund investors at list - mistake.

    If the core activities and cash flows stack up (I haven't had a close look) the US is where this thing must head if only to sit in the wake of ALIBABA. That's a big call but at least it has some comparisons if not the add on revenue coming fro a Taobao or Tmall. Lots of money in the US and they love this space.

    Get a move on and get JP Morgan to get it done - hopefully
 
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Currently unlisted public company.

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