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kindama

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kindama

Re: borderline post# 220

Thursday, 07/21/2016 10:04:28 AM

Thursday, July 21, 2016 10:04:28 AM

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Chinese subs are regulated in China.

Parent company is subject to laws of Cayman Islands.

Parent company is also subject to SEC regulation, but with no US assets the problem is that there is no avenue for redress.

If a crime has occurred then shareholders have to file a claim in Cayman Islands. If successful (and in cases where a crime has occurred the CI proceeding is often uncontested) then the resulting CI ruling provides standing for filing a claim in China.

Company is still selling accessories on TMALL:
https://zuoanxb.tmall.com/?spm=a1z10.1-b.1997427721.d4918089.fz2sbm

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