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  Conflict of Interest
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DCRE  
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 More options Sep 19, 11:57 pm
From: DCRE <davidchen...@gmail.com>
Date: Sat, 19 Sep 2009 20:57:46 -0700 (PDT)
Local: Sat, Sep 19 2009 11:57 pm
Subject: Conflict of Interest
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Mr Wu Rui Lin the sole shareholder of China Luxuriance sold his
company to Xing, a publicly listed company which he is also the
Chairman, for a sum of USD110,000,000.00 I wonder whether it is a
common practice for Chinese companies. This practice could be one way
to legally convert the investors/shareholders money to enrich the
executives and it appears to be another form of inside trading which
should have a law to prevent it from happening.  I welcome any
comments.

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