this is outrageous. The company enters into a sale and lease back deal and gets totally screwed over By the seller and now they are refusing to pay the rent and saying to KDCR - wtf r u going to do about it? This is China.
Wtf were the management thinking? What DD did they perform and did they hire an advisor. the management and board should be held accountable. It is not their money it is shareholders money - which they are blowing up!
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.
anything got to do with ah Tiong please take with huge pitch of salt + msg + Potassium salt