Post by
moneymaker75 on Sep 02, 2014 12:25am
China scams: IPO vs RTO
The biggest problem with these accusations of fraud against all Chinese companies is people don't even know what they are stereotyping againt. The Chinese frauds, including Sino-Forest have all been RTO transactions.
https://www.forbes.com/sites/richardfinger/2013/10/29/finding-value-in-forsaken-chinese-reversetakeovers-rtos/
GPW is an IPO. That means the exchange went through all the diligence needed to prove that the business and the management team is legit. This is the link to the 2004 document that lists out GPW's IPO:
https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00021040&fileName=/csfsprod/data49/filings/00671247/00000014/f%3A%5CMSM%5CSEDAR%5CGRAND%5CFINAL%5Cfinal.pdf
Comment by
G1945V on Sep 03, 2014 11:56am
I stand corrected with KGJI ( King Gold Jewelry Inc) with respect to the stock not issuing dividends.
They in fact issued a special dividend of 8 cents as announced on August 28, 2014.
I did not want to mislead anyone.
Kingold Jewelry Announces Payout of Previously Announced Special Dividend of US$0.08 Per Share