Originally posted by VYR
You must be reading a different book to me.
I thought the Chinese Government had put in place very strict movement of capital restrictions that would prevent a buy back or a return of capital to shareholders.
I've got my hopes pinned on the directors finding a non Chinese buyer who has access to Aussie Dollars to buy the company.
We sell the hong kong subsidiary, which hold the China company Jinjiang Chaoda. For hong kong dollars.
Then transfer the money from hong kong back to Australia, to be distributed to shareholders.
seriously, we can sell the company now for whatever cash the company hold in the bank and there's nothing (legally) Jiameng can do about. Except to watch his family business get taken over... serves him right for being such an a-hole to shareholders.