I have a basic mistrust of Chinese microcaps. Too many claiming to have done really well fail to see it reflected in a rising share price. That disturbs me. I've not seen anything untoward in this pick but am reluctant to commit money until I see a move to list on an American exchange. However, even that can be of small comfort as is the case with SBAY and NEWN.
Still, I happen to like this one but not for the stock appreciation. Rather, it's about being a utility in a Chinese government-imposed arena limiting the entry of other firms. So for now I wait, watch and consider.
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