WSP Holdings Ltd (WSHLY)

[kindama]

Interesting. I have no position here. It looks to me like the most promising path would be for UMW to go to court in the Cayman Islands claiming that the parent company has been abandoned and seeking the appointment of an independent trustee to resolve its affairs. If successful then the trustee could take control of the operating subsidiaries outside China (especially WSP Pipe thailand) and any other assets which can be traced. The onshore Chinese business (Wuxi Seamless Pipe) is probably a total loss.