they gave a 60 multple to HGSH a land developement company. They have ripped VIPS too chinese internet. Now they are ripping CHLN another chinese land developement company, They ripped another development company XIN that is now consolidating.
Seems they are ripping the chinese land development companies and chinese copper wire provider LIWA is likely in that ripping lineup along with many other rmaining legit chinese stocks that at 5 times undervalued due to a few bad apples that spoiled the bunch so to speak. Muddy Waters said they are pulling out and no longer shorting China.