They put their money where their mouth is...and it removes the dark cloud over the company....
EJ trades much above its book value, has much lower earnings and revenue than XIN, has much lower cash than XIN and trades at market value much above that of XIN
How long are you going to let XIN shareholder suffer? This has been a long, painful journey. It is time to do something more decisive and drastic.
What were you talking? Xinyuan's management did more than EJ's did.
3. US expansion
And the stock price performances of XIN and EJ tell all.
ej made nice move with purchase. however for past 6 months the operation stinks and stock underperformed 60% compare to xin. so if this stock purchase by mng make the price increase 3x, then xin an ej will be equal in performance.