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  Why the founder selling his stocks?
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ChinaStock  
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 More options Jul 13, 11:29 am
From: ChinaStock <chinastockwatch...@gmail.com>
Date: Mon, 13 Jul 2009 08:29:51 -0700 (PDT)
Local: Mon, Jul 13 2009 11:29 am
Subject: Why the founder selling his stocks?
When chinese real estate come back little, Xin will take advantage it
by using the percentage of completion method to overstate and to
recognize in advance their revenues. there is no comparison between
Xin and other public companies listed in hong konw which use the
completion accounting method.

If I be the investors and founders, I also will sell my shares at
current overvalued price.

there are also material weekness in Xin's annual report. It looks the
founder's family and friends control the company without any SOX
compliance.

Class suit will coming soon!


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