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Well, if the owner wants to retain 80%, or whatever, of the...

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629 Posts.

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08/11/17

10:39

Post #: 28596237
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Originally posted by htran7528 ↑

to be eligible to list on a Chinese stock exchange, they need to have more than 3 holders holding 50% of the shares.

of course the owner want to remain in control. So no ways him and his family is going to give up holding less than 50% of the shares. Hence they cannot list on a Chinese exchange.

problem is: they come and list here on the ASX, without first learning the cultural and corporate governance requirement. However, this does not mean the company is crap or fraudulent or making a loss, in fact they are making good profit.. what they need is better PR and investor relation.

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Well, if the owner wants to retain 80%, or whatever, of the shares, then why bother to list at all? Why not just remain an unlisted company.
I'm pretty sure that, with hindsight, they'd have had many second thoughts about listing on the ASX.

XPD Price at posting: 3.3¢ Sentiment: None Disclosure: Not Held
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