Not saying GCHT is a CCME by any means, and your points are valid. Perhaps Deloitte has realized they were way too lax in the past verifying the documents of their Chinese companies and no longer wants to be associated with any of them.
I found it interesting that Deloitte told them to find a big 4 to re-audit the old documents - Huh, I thought they were big 4?
Seems like a tongue in cheek slap to the company to me, perhaps questioning whether any other big 4 auditor will ever touch a US listed Chinese company again?
I dont know. I got scalded by holding CBEH too long thinking my investment was isolated a bit and protected by having KPMG on the books.... Wrong..... All of the big 4 auditors have been spanked around to a degree by the space.
Good luck with this, it may pan out, extremely undevalued and thats why I still stalk.