Sunday, continued …
CEO Lu, having listened to his son, taking in his honest assessment and information, which even he had to admit to himself was unusual.
"The Yang Family situation is significantly different. The family only control thirty percent of all company shares, but unlike us family members can purchase up to five percent of market traded shares, and can get board approval to purchase more on market shares."
"However the one good thing about their charter is that is requires companies that are not market traded to reveal the ultimate owners of their shares so no one can hide what was being done. From what I understand Yang Lin's grandfather, while knowing he needed the money was wary of the share market, hence the provision, and they justified it on the basis that family member restrictions on purchasing on-market shares."
