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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
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. You must Sign in before you can post messages.
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