CB, LPH is proving itself to be the last RTO standing and the one that is legit. The move today has just dramatically enhanced shareholder value. Imo, this company is the real deal. Holding on for the long haul!
Reading between the lines here, with the new acquisition the company is basically saying they won't need the shelf for any further "future" acquisitions. The free cash flow generated after Haujie is up and running will be significant. That shelf was in place to quickly take advantage of any attractive assets. Going forward they'll now have the cash to grab accretive assets AND also pay a decent dividend. LPH may become a blue chipper yet.
However, don't underestimate the ability of the manipulators in the short haul. "America" is not happy that China is usurping them on so many fronts, and a well orchestrated smear of anything that threatens.....well, we all know how that goes. In this case though, they are just shutting the barn door after all the horses are gone.