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*MARINE 1*

08/20/08 9:40 PM

#34885 RE: lc45 #34881

Thanks for the insight. Tricky/ confusing situation imo

"The private company would have to retain ownership of the majority of the stock in the public one, and would probably want to by a big margin, to cover future A/S changes."

And this was done by a special purpose company created just prior to GLCC going public. Dongmei and some others own the majority of those shares too.







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