I received this statement back directly from investor relations at Xinyuan when I contacted them regarding the SEC investigations of Chinese companies. Does anyone remember what happened to cell phone stocks when a medical report came out stating there was a link between cell phones and brain cancer? Anyone still using a cell phone? Are cell phone manufacturers and producers still in business? Let's get back to focusing on the great fundamentals of XIN and try to stop these knee jerk negative reactions.
Thank you for your interest in XIN and we understand your concern. See our CFO Tom's reply.
"No reverse merger...we were a classic straight-up NYSE IPO underwritten by Merrill in late 2007. No immediate impact on us. The SEC could eventually prohibit all US-listed Chinese companies from being listed in USA. This would be quite drastic and nobody believes it will come to that. As far as we know there are no SEC investigations ongoing at XIN"
Thanks and regards,
Xinyuan Real Estate Co., Ltd.
27/F, China Central Place, Tower II, 79 Jianguo Road Chaoyang District, Beijing,China 100025
Tel: 86-10-85889398 Fax:86-10-85889300