Good Life China Corporation (GLCC)

[lc45]

I'm sure they can. However, for HOW we need someone that actually knows the intricacies of the laws at the governing agency/agencies. I would think that the regulation would done by (in glcc's case)just China, but because it is on the american exchange, it could possibly involve some proceedures that are controlled here also,as a condition of listing.
I'm not up on the shell game, and that really is what it would end up being. The private company would have to retain ownership of the majority of the stock in the public one, and would probably want to by a big margin, to cover future A/S changes. I don't know how close they could keep the public company in that set up, but they could certainly make sure all management choices went their way. Technicalities are deeper than my knowledge level, but very interesting situation.