Have you been in contact with the company since last Friday? Yesterday I had a chat with some people in the company and from what they told me the CEO Mr. Lin was pretty upset with the stock action and the current restrictions for companies to buy back shares or have insider buys. From my understanding, the resignation of Jackie must have been brewing since a short while after the latest CC and the decision only became firm last week. This is what stopped the company to go ahead and buy-back shares! On the other hand they are well aware that other US listed Chinese companies such as CSR and CFSG are going private....
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