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Xinyuan Real Estate Co., Ltd. Message Board

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  • lizhang200 lizhang200 Dec 6, 2012 1:47 PM Flag

    SEC Investigation, Ernst & Young, XIN, Etc.

    What you said regarding companies being listed on stock exchanges is true; however, Xinyuan is carrying out a buyback, so if they're confident that at some point in the future they'll be recognized as a sound, legitimate company by US investors, I doubt they're fretting much over the current low price. They're probably glad that they can buy more shares back at abnormally cheap prices for a bit longer. Then, in the future, if and when the price appreciates to a level on par with that of other developers' stock prices, XIN's book value will increase more than it otherwise would (i.e., more than if they had bought shares at a higher price).

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