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Xinyuan Real Estate Co., Ltd. Message Board

caseysxyz 1 post  |  Last Activity: Aug 15, 2014 10:08 PM Member since: Sep 3, 2012
  • Reply to

    Interest Expense

    by cvdpro Aug 15, 2014 2:46 PM
    caseysxyz caseysxyz Aug 15, 2014 10:08 PM Flag

    The ADS traded as Xinyuan Real Estate Company are shares in a Cayman Island Company. That company owns virtually nothing. It does not have Chinese subsidiaries and does not own anything in the People's Republic of China. It has a modest cash balance. It does have contracts and agreements that in a non-Chinese lawyer's opinion allows it to control the real estate company in China. The Chinese government has repeatedly stated the agreements and contracts are not enforceable in China. No attempt to enforce these agreements and contracts has ever been successful.

    What a ADS shareholder owns is only based on the goodwill of the CEO of Xinyuan, who in turn is beholding to the Chinese Communist Party. It could all disappear tomorrow without notice.

XIN
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