KZL 0.00% 12.0¢ kagara ltd

Ann: Amended Form 604 Notice of change of interes, page-3

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  1. 1,686 Posts.
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    re: Ann: Amended Form 604 Notice of change of... This is just so the Chinese government can distance itself from a loss. Anything 'Shengfuo' means the Guangdong Foreign Trade Group Co. A state owned enterprise. The fact the buyer is also registered in the Virgin Islands means they want to make the transaction disappear off government books.

    In effect, they create a shell company to buy the assets and shift the loss to the shell. Regarding the current status of asset sales. See last post.
 
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