RE:RE:RE:RE:RE:RE:Peak establishes Hong Komg subsidiary
finally found another link where i could read it.
I think Johnson and his contingents are aware of these chinese rulings and have taken the appropriate legal measures to counter it.
nevertheless, china has strict regulations for foreign investors and one must be very well prepared legaly if it wants to deal in that country.
Again i can only relate to Alibaba, wich is the equivalent of Amazon in China where BABA is listed on NASDAQ through a holding company. and it works.
now is this the approach that Peak is taking ?
we'll only know when the next release is out.
i'll have to ask JJ about it. i don't think this is a confidential matter. So lets wait on this release.
I posted Ed Vranec's Conference call so everyone can read that there wil be 2 entities created, one in Wuxi and one in Hong Kong and one will be a holding. so to me it seems to resemble the BABA format very much and if it is so i'm less worried about where the bank acount will be caus it will be in a safe haven from the China regulation for foreign investors.
cheers