Chip, you can go to marketscreener.com, look up dongguan eontec, and scroll through the news history. You will find that Zhuzhou Stateowned Assets Investment Holding Company has been making major purchases since 2017. 10%, 7%, 430 million CNY, etc. This trend roughly coincides with the CEO and Founder's reduction in holdings. Nothing about this was anticipated in the 2016 sale of 410 million shares of LQMT US to LL's LQMT HK. Although LL mentioned at the time his intention to eventually transfer those shares to EON.
The Chinese government has most definitely made its presence known. I do not know the total sharecount, maybe someone else has that information. But if you believe LL in effect controls LQMT Valencia, it should not be hard to see how this works throughout the planning. Pretty impressive I would say.
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