Chimin Sang

Investors Vote 'No Confidence' in TCM's Management

Good article.

When you go to your dentist, you don't want to hear that your dentist can sell you some of his massage skills.

In comparison, Simcere CFO did a much decent job for his part. He moved all the IPO proceeds into RMB, leaving only 3M USD behind. He also invested some of the cash into fixed income investment vehicles that mature within one year. Because of his work, SCR was able to record about 1.5 cents per share out of finanical transactions due to higher than expected exchange profit and interest profit.

12 Reasons I Believe In TCM

First, have you confused 'Tongji' with 'Tongren'?
Second, how does old brand help? Do you know what happen to old enterprise? They die.