Ambow Education (NYSEMKT:AMBO) CEO Jin Huang issues an open letter to shareholders in which he...

Ambow Education (NYSEMKT:AMBO) CEO Jin Huang issues an open letter to shareholders in which he tries to clear up confusion over the provisional liquidation of the company. The much-maligned exec says turning over the firm to private equity interests isn't in the best interest of shareholders and advocates a turnaround plan.