Energy One Corp (EGOC)

[ItMakesCents]

As I stated in my post - the broader significance is intriguing.

My take is that the newer ruling Communist party did not like the growth, wealth, and power, individuals were acquiring through their companies. They needed to reel in the large, influential, and far reaching entities, and show what would likely come to others. The Chinese economy and landscape is shifting and the government wants to be in control, or have a say, in all aspects.
Add in that the US is hesitant towards Chinese companies due to lack of transparency and manipulation.
Now, perhaps we can deduce that as certain industries and sectors grow the Chinese government won't mind western assistance in growth through investment (since th3 government is backing them anyway). China leased land to multiple huge food companies in the past. Perhaps the plan is to own/support the companies growing the food at home. Additionally, having companies dual listed on NASDAQ and Hong Kong gives their tentacles further reach and flexibility.

Just my crazy opinion...yes, to the far fetched side of things...but it is China and nobody ever really knows what they want or are planning because they have to evolve and do so in a way set forth by the government and the US.