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Chinese AIM Companies – Sorbic et al
Post Date: May 29, 2015
A good letter in the Financial Times today (29/5/2015) from Sorbic investor John Gunn about how AIM rules have failed to protect shareholders. He said it is "a terrible state of affairs" and suggested the AIM regulations had failed completely to protect shareholders.
Sorbic International (SORB) is an AIM listed Chinese company which has encountered major governance and legal problems and its shares have been suspended. To quote from the latest RNS, after the board fired Mr Wang Yan Ting, the CEO:
"Since ...
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