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.
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.
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.