Mr. Lai is the chairman of China Pipe Group traded in hongkong, Jetionsolarproblem said he can not betray GRO holders
may I as why ? being a chairman of a company listed in hongkong guarantee he is not a cheater?
How much is China Pipe Group a share ? hahahaha a pitty 3 cents. they are selling plastic pipe... what a conglomerate !!
Adam Lai holds 57% of 13.3 Billion shares. Market Cap is 426 Million HKD, It is currently traded with a P/E Ratio(ttm) of 27. It has a stable profit margin of 4% during last2 years. I can’t see anything what is wrong with China Pipe Group.
China Pipe Group Limited announced consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenue of HKD 455,127,000 against HKD 438,395,000 a year ago. Operating profit was HKD 18,210,000 against HKD 16,631,000 a year ago. Profit before income tax was HKD 16,954,000 against HKD 15,664,000 a year ago. Profit for the year from continuing operation was HKD 13,700,000 or 0.103 cents basic and diluted per share against HKD 12,873,000 or 0.097 cents basic and diluted per share a year ago. Profit for the year attributable to equity holders of the company was HKD 13,700,000 or 0.103 cents basic and diluted per share against HKD 13,280,000 or 0.100 cents basic and diluted per share a year ago. Capital expenditure was HKD 2,847,000 against HKD 901,000 a year ago.