The dirty business of Sino-Environment
Sino-environment is in news again, but for the wrong reasons.
Its executive directors have resigned for the second time (yes,they resigned before after their shares were forced-sold due to share pledging,unfortunately they came back).
but this time,looks like its for real after Fuzhou Public Security Bureau cleared them of impropriety. Well, you can never trust these announcements esp. when the China businessman may have “guanxi’ with the bureau.
Looks like the poor sino-environment shareholders will not see their money back, although the company will still be in operation by the China management.
Just a word of caution to those who invested in Sun Jiangrong’s brother business listed in HK, you could be next.
Entry filed under: Watch your step.