Kemiao Garment Hldg Group (KMGH)

[coolbluewater]

My understanding is that the holding company is listed in HK and China, AIVtech Holding:

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8241135

See pg. 10. Technically, China forbids Chinese companies to be foreign owned - so all overseas entities are mainly to raise capital and build a foreign presence (ex. BABA's IPO listing is under a Caymans corp, not the Chinese entity).

My understanding was that AIVI do plan on coming back to the US and that they plan on bringing the share price back to the $$$ to list up. They know the game now and will be better for it. At this stage, as you noted, they've got too much going on with OLED and other things to also have now the distraction of dealing with US investors.

Another side note, Chinese companies are not beholden to investors the way US companies are, take that for what you will. I for one think it's a good thing, they focus on the health of the business, and not squeezing every dollar out of the company.

Here's a link to the good old days: http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=8292:HK&sid=aB0PRRJS1Rqk