Replies to post #64734 on China Growth Stocks

[GorillaGorilla]

CCGY - I've been informed that CCGY are not affected by the consumption tax - the reference is an interview which the CFO did in June.

Zack: Why are taxes killing Gushan Environment Energy Adr (NYSE:GU) right now? Why is CCGY not affected by those taxes? How could that change in the future?

Mr. Chen: While we cannot speak for Gushan, CCGY is not affected by the consumption tax. It only affects companies that sell to state-owned enterprises. CCGY’s bio-diesel clients are in industry, private gas stations, ship fleets, and power generating plants.

http://geoinvesting.com/geowire/211/interview_with_china_clean_energy__ccgy__cfo_william_chen

rich

[momentum74]

GU 4.94 +30% Great alert gorilla/gorilla. Saw your post this weekend. big thank you.