atans1

HoHoHo, it was a good idea until June

In China, Temasek on 27/07/2015 at 1:52 pm

In mid June I wrote this https://atans1.wordpress.com/2015/06/15/ho-got-this-one-right/

Temasek was part of a consortium that funded the delisting of Focus Media from the stock market in the US, and relist in China.

Focus Media Holding’s plan to float shares inside China suffered a setback in late June,

Zhu Dehong, the chairman of Jiangsu Hongda New Material, the shell company Focus Media plans to use for its backdoor listing in Shenzhen, resigned for “personal reasons,” the rubber maker said in a filing to the Shenzhen Stock Exchange Tuesday.

Mr. Zhu’s resignation comes a week after Hongda said regulators wereinvestigating the company and Mr. Zhu for allegedly violating Chinese securities laws. Hongda gave no details on whether these investigations were linked Focus Media’s plan to return to its home turf through what is known as a reverse merger. WSJ

Then the collapse of the Chinese stock markets led the authorities to, among other things, suspend new issues of shares.

HoHoHo. There’s many a sliptwixt the cup and the lip.

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  1. No worries man!! Hoping for a FUCKING KNNBCCB multi-market multi-country implosion with hopefully 1 Billion people dieded. In S’pore context $1M condos selling for $200K & still no buyers with a few thousand people committing suicide by jumping their condos & HDBs. It’ll be the buy of the millennium man.

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