I have to agree with you brisket44. Generally speaking, Chinese stocks are the most cooked, crooked enterprises ever concocted. I have owned about 20 and about 15 have ended up with a lawsuit against them.
Hopefully, for people owning this stock they have a small position which they can let ride. Sure, it is dead money for a while but it will go private at some point and at a premium, IMO.
There is a possibility that they could pay a dividend again but I agree it is unlikely. Why share a dividend with stockholders when you can ultimately get it all by buying their stock at low levels?
Screwing stockholders is a way of life in China, I'm certain most there couldn't even conceive a reason why they wouldn't do it, especially to American stockholders. They have not grasped the concept that virtue is a business multiplier. Concepts such as fairness, honesty, and integrity are laughably naive ideas to most Chinese run companies. That's why American have come to laugh at the thought of investing with these clowns. I had thought this one might be an exception. Evidently, I was wrong. In any case, I am prepared to hold for years; thankfully, my position is very small. The only way to screw them is not to sell, crazy as that sounds. Selling is exactly what they want in order to get it all.
As if anyone would need it, NPD presents the perfect case for never putting money into China. They are headed for a demographic cliff, anyway, with their low birthrate. In short order (20years) this country will implode because of an aging population. American companies will drop manufacturing in favor of a country with younger (and cheaper) workers relegating China back to a more normal state of subdued chaos.