Below is part of a press report about edu. This infomation shld be better news for ebig?
New Oriental is a large Chinese company with a market cap of over $2B, and earlier this year was over $4B. The SEC would only cause a delisting or major restructuring as a last resort. The SEC especially now doesn't want to ruin rapport with China as the country has finally said it would allow "observational visits" from American audit-firm inspectors. This step towards potential joint inspections by both Chinese and US inspectors could start a bull rally among Chinese ADRs since it will restore some trust among US investors. But that is fodder for another article.
There is definetly something to report with Wonder! Why it is not trading! Explain what process this is going through in a PR. Spend some of that pension money to let shareholders know. As well as Tsingda--That info was supposedly to be out the 1st of Sept and yet we have nothing. Silence in these cases is not goldern, but more as a death signal. IMO! They need to get the info out and let us shareholders in on what is going on!
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