Gansu Yamei Trading, the 100% subsidiary that owns the plantations is now showing the "Ascentage Group" as the 100% shareholder. I don't remember seeing this before.
2) the 2020 report states that he company is out of business 3) HERB doesn't even mention that subsidiary any more in their latest reports.
We can conclude one thing for certain. Those plantations are gone... Sure thing. Now, this would truly be a very troubling development for the BOD (and for us) usually... weren't it for the fact that it has probably already been settled. A year ago. Possibly 2 years ago.
And it seems pretty plausible that there is a direct relationship between the preferred shares and the settlement (money). IMO.
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