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Tuesday, September 25, 2012 2:39:34 AM
It is after all a Chinese-Canadian company incorporated in the US, doing business in China, using US captital market for seed with a Chinese joint venture and of course Reachout is now in a JV with Shenzhen City Jin Yu Technology Limited I believe for the building which IMO falls under Jin Yu because of China law requiring Chinese ownership of property. No Americans in company may be meaningless but definitely does not help. Anyway this artice somes it up a bit, not 100% however... but all that would be needed is for Chinese JV partner to buy the US corporation (contains no americans who could exert any control for the corporation not necessarily that would help), then would be Chinese company. IMHO
And ther are issues... and as I believe you and I have spoken MDCE could be listed on HK exchange eventually...
http://www.chinaaccountingblog.com/weblog/will-the-us-delist-chinese.html
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