"We now intend to focus on acquiring cash-flow positive businesses in the People’s Republic of China. We will not limit our opportunities to any particular sector or industry. We believe that China is entering a new era of economic growth, particularly in the Chinese new economy sectors, which we expect will result in attractive acquisition opportunities for us. We believe this growth will be driven by private sector expansion, technological innovation, increasing consumption by the middle class, structural economic and policy reforms, and demographic changes in China. Our new management team is comprised of individuals who have extensive experience investing in and building companies with operations in China. They have experience investing in, building, and operating diversified businesses in the Chinese new economy sectors. Our strategy will be to actively participate in growing, building and operating companies. The objective is to generate additional revenue through, among other things, integration of our portfolio companies; cross-selling; consolidation of management and administrative functions; group-wide procurement; centralizing and minimizing risk; forming strategic partnerships; and, improving management capabilities"
(last Quarterly Report)
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