Borrowing a movie line "Greed is Good" CHID is going to be controlled by a wealthy man, from what I can tell.
I am sticking with this stock and see if he uses it as a tool to build wealth. The worst case is that he is leaving the past and would distance himself. Or spin off similar deals.
Guoxi Holding is the name of the China company in which CHID is doing the swapping. There are some google hits for this.
Zhang Guoxi is the man behind the Group.
Here is a story about Zhang Guoxi and his wood working business.
http://www.gurrad.com/china/article.htm
This is the last paragraph.
Mr. Zhang has unbridled confidence in the future. He believes the private sector will develop rapidly, to serve China’s modernization. For himself, he dreams of a mushrooming international empire, a private jet and perhaps his own golf course. Ultimately, he says, he would be happy if people referred to him as “China’s Iacocca.” After a pause, he adds, “Maybe someday people will call Iacocca ‘America’s Zhang Guoxi.’”
other google hits:
Forbes 2001
http://www.forbes.com/global/2001/1112/032_43.html
Shenzhen Daily - 2002
http://pdf.sznews.com/big5/content/2002-03/25/content_736139.htm