I think the report forgets to mention that the managers buy an asset in China and lease it back to the seller - and they default on the rent indefinitely and basically tell them they can do nothing about it because nobody else will rent it. The courts will not help and the client basically monetised their assets laughed at them and still get to use the building for free. Just a very poor reflection on management, competence and governance. I would not buy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
