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Xinyuan Real Estate Co., Ltd. Message Board

  • A Yahoo! User Dec 5, 2012 1:15 PM Flag

    SEC Reverse Mergers for Chinese Companies

    Hello everyone, it's my first time posting on here. I don't proclaim to know anything about anything, but I did want to just throw this out there for everyone to review and ponder since I haven't seen any postings on it. I have 6 figures invested in XIN currently. I have looked through XIN ownership paperwork and can't see any relation to any reverse mergers with a US shell company that allowed them to be listed on the NYSE with minimal requirements. It appears that based on this article about the SEC investigation, Chinese companies doing reverse mergers with US shell companies are a big concern. Also it appears this has been brought up several times in the past several years with the SEC (this is nothing new), so not sure what the knee jerk reaction is to the sudden decline of XIN shares. Here is the article http://www.businessweek.com/news/2012-12-04/sec-auditor-case-seen-jeopardizing-chinese-u-dot-s-dot-listings. Like several people have mentioned on this post, if XIN is a legitimate company what are we worried about. If we feel that it is not a legitimate company, would we all be investing our money in it (that's a question for the people that are selling off the stock right now)?

    Sentiment: Buy

 
XIN
4.09-0.17(-3.99%)Jul 25 4:05 PMEDT

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