Wanxiang tends to preserve the companies here that it takes over. Essentially its become a management capitalist firm that handles mismanaged companies or companies set up from the beginning to fail over here. Usually a competitor stands to gain if there is a fail of a superior tech, then they scoop them up cheap. Wanxiang's niche is paying a fair price and setting the company up to succeed. Really throws a wrench in the system, doesn't it.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.