Did some research last night on Beijing Xiaocheng Technology...

Did some research last night on Beijing Xiaocheng Technology Stock Company, i.e. the parent company of BXC Ghana. Came across some interesting stuff...


I found the following statement in this document (translated using Google Translate) dated 20 Apr 2018:
Xiao Cheng Technology: 2017 Annual Report (http://vip.stock.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?stockid=300139&id=4301209)
During the reporting period, Xiaocheng Ghana Power Company acquired the 100% equity of Akoase Resources Company Limited to acquire prospects for the Akoase Gold Project
Right, the assessed value of the exploration rights was US$9.7376 million. By the end of the reporting period, the procedures for equity transfer had been completed.


While in the previous report (dated 23 Aug 2017) they mentioned this:
Xiao Cheng Technology: 2017 Semi-Annual Report (http://vip.stock.finance.sina.com.cn/corp/view/vCB_AllBulletinDetail.php?stockid=300139&id=3664591)
During the reporting period, Xiaocheng Ghana Power Company acquired the 100% equity of Akoase Resources Company Limited to acquire prospects for the Akoase Gold Project
Right, the assessed value of the prospecting rights is US$9.7376 million. At present, the procedures for equity transfer are being processed.


Not sure why they mentioned that the transfer had been completed - I think it is very unlikely that they would deliberately report false information in the company announcement. If I were to speculate, I'm guessing they might have genuinely tried to initiate the transfer but they later came across some issues in the transfer process - I understand there's a lot of red tape when you try to get money out of China.

If there's any fluent Chinese speaker around here, would you care to look at the document to make sure it was translated correctly??