YaSheng Group (HERB)

[RealDutch]

I don't know why it was only $111M in 2015. Presumably they are struggling with profitability of the old assets already. Which was the reason for the swap to begin with.

The cost on the new plantations is very low. Since they have to book the management rights at cost, they don't have to write off much either. That's why we will see a lower book value and much higher (80%) profit margins.

Let's see what happens. If these guys don't file then we get nothing. And God only knows what this market will do to the stock. This is not some schmuck CEO running the company though. It's the parent calling the shots now.