Looks like we can get a full recovery in this company. A subsidiary is lost to "loss of control" at least temporarily, and the company is still profitable. the rest of business is fine and the growth story could potentially resume.
Could the buyer of the former Sichuan SOE 27% stake be a front company of the Tianyun owners, used to avoid the bad optics of buying the stake back openly? There is literally nothing to be found online about this buyer.
Chinese small caps are tricky... I'm always afraid investing them. Hoping that you'll recover your investment.
By the way, I'm surprised that the name of the energy drink is "Shiok", I thought that was Malay Singaporean slang - not a word that's commonly used in the Shandong province.
I had an idea of a long term hold in this stock. now it looks like it will really be long term since trading is suspended!! BTW I got onboard the Delfi train, which you made the case clear for.
Sold. I still like the business but I prepare my portfolio a bit more for the worst (Taiwan crisis, oil crisis)
We are back trading. -46%
sounds good.
Looks like we can get a full recovery in this company. A subsidiary is lost to "loss of control" at least temporarily, and the company is still profitable. the rest of business is fine and the growth story could potentially resume.
http://www.tianyuninternational.com/en/uploadfiles/download/2022081110573198.pdf
However a second HK holding I have seems to be suffering more and could be lost.
Could the buyer of the former Sichuan SOE 27% stake be a front company of the Tianyun owners, used to avoid the bad optics of buying the stake back openly? There is literally nothing to be found online about this buyer.
They appear to be unrelated, but maybe they are friends because we just got more details yesterday and he is the founder of a company that helps HK companies with listing and IPOs. http://www.tianyuninternational.com/en/uploadfiles/download/2022042210170821.pdf https://glam-hk.com/en/about-us/
Chinese small caps are tricky... I'm always afraid investing them. Hoping that you'll recover your investment.
By the way, I'm surprised that the name of the energy drink is "Shiok", I thought that was Malay Singaporean slang - not a word that's commonly used in the Shandong province.
I had an idea of a long term hold in this stock. now it looks like it will really be long term since trading is suspended!! BTW I got onboard the Delfi train, which you made the case clear for.
Cool. Hoping for the best regarding Delfi. Management's guidance has been fairly positive recently.