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RealDutch

08/15/21 10:57 AM

#6582 RE: RealDutch #6581

Take a look at this below. It applies to EAC in China.
You can get there through this link, then hover your mouse somewhere, close to the risk factors.

https://aiqicha.baidu.com/company_detail_99582112265734?tab=risk

Edit - Oh, I see the link takes you straight to it.

I did some reading on this a couple of months ago. It's hard to interpret. The only thing I can get from it is that apparently they started a project a few years ago (is that why they needed the money?) and it was cancelled later on, resulting in lawsuits from some big cement company? which saw its contracts cancelled?

EAC might very well still be sitting on a lot of cash. Perhaps Aandt can have a look.