As of end June 2014, the company has trade receivables of more than 1B RMB. Since they need the cash so urgently, has the CFO and CEO ever consider giving their customers a discount on the receivables to improve their cash flow rather than to sacrifice shareholder's interest by placing the shares at a big discount?
Their inability to collect the receivables is a very big red flag.
(Not vested)
Their inability to collect the receivables is a very big red flag.
(Not vested)