China Continental reinvents itself after major management dispute
China Continental is struggling to become more investor-friendly after a near-fatal behind-closed-doors management battle.
Pity the investor in China Continental, a holding company that makes bulletproof vests, owns a biotech farm in Inner Mongolia, sources manufacturing equipment for government enterprises and resells raw materials. Its shares have plunged 55% this year amid a management dispute that all but destroyed the company. China Continental, formed in 1995, is listed on the US over-the-counter Bulletin board. On 18 July, in a statement to the stock exchange, the company said it had agreed to be a…
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