if iam in Jiameng Zhang position, i would hog the cash all for myself. Why pay dividend to shareholders ?
For shareholders, the good news is. Jiameng now only control 20% of stocks.. So he no longer have the final say.. The Zhang family make a stupid mistake loosing control of their family built company.
now only committing accounting frauds, could deliver the cash to Jiameng. But with the media watching, and hundred of aussie investors watching. good luck to Jiameng, trying to defraud shareholders.. The chinese government won’t act when there’s complain from 1 or 2 people. But when there’s a couple hundred of people and the media complain. The chinese police will act.. we shareholders need to keep up the pressure.
XPD Price at posting:
3.3¢ Sentiment: None Disclosure: Held