Lentuo International Inc (LASLY)

[icroucher]

BTW Lentuo has about 1000 lease cars out with customers which it still actually owns but these are subject to claims and frozen by the banks. There are 5 court cases and 2 have been decided. In both cases there has been a ruling in favour of Lentuo to a value of over 6M USD on leasehold cars. Some or all of that would have to be paid to the banks, and the problem is getting their hands on the cars that are in the possession of customers. The 4S shops are still inactive I think. The maintenance branch is open.