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Technology Stocks : China.com Corp-(CHINA)
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To: KeepItSimple who wrote (217)7/14/1999 9:31:00 AM
From: Tom Cruiser  Read Replies (1) of 504
 
Why CHINA set up shop in Cayman Islands?

I don't know and neither do you, so stop associating it with money laundering. You think AOL and SUNW are into that cheap trick?

Again, I don't know why but there's probably sound reasonings behind it, one of which might have something to do with taxation. One thing I know is that lots of legitimate companies set up shop in Cayman Islands and thereabouts. It's just that some crooks have taken advantage of the lax regulations to commit fraud. But most are non-public corporations or fly-by-night entities not open to scrutiny. CHINA, being a publicly traded company, will be an open book.
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