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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (38020)	5/25/2010 12:40:41 AM
From: Spekulatius	Read Replies (1) of 78464

re CHL >> Motley Fool claims that CHL is as dirty as any China small-cap, maybe even dirtier:<< I forgot about the transaction but thanks for reminding. It seems hard to conceive that CHL should be in the banking business but i also note that they got the shares of Shanghai Pudong Development Bank for a 20% discount of the going rate then (more like a 5% discount now), so in the face of it, it wasn't such a bad deal, at least not yet. I owned some CHL many years back and I did notice that the Chinese government was meddling in CHL's affairs even then, but mostly to their advantage. years back they let them buy many regional wireless carriers fairly cheap, presumable to grow CHL into a national champion. that seems to have been a good deal for CHL's shareholders, of course that was then and now is now.

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