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RealDutch

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Re: sopis post# 55637

Friday, 01/31/2014 11:23:37 AM

Friday, January 31, 2014 11:23:37 AM

Post# of 163718
JV's are not VIE's.

SJAP is the only VIE, probably because you cannot own a majority stake in Qinghai as a foreign entity.

There are 2 types of VIE's. Scam-VIE's with contractual obligations where the Chinese in fact own all of it, and normal VIE's. SJAP is a normal VIE where SIAF has a 45% equity interest.
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