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Opera
Opera Limited buys back 20.6% of shares from 360 Security Technology Inc
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<blockquote data-quote="Paul.R" data-source="post: 1007574" data-attributes="member: 8305"><p><strong>Update about company structure: (after I did a research about it)</strong></p><p></p><p><em>Opera is a Norwegian company whose main shareholders are Chinese, whose focus is on Africa and has been listed as an ADR in the USA. This constellation harbors a certain lack of transparency. In particular, the listing as an ADR is associated with further risks. Since Opera chose this VIE (Variable Interest Entity) structure, it is negotiated according to the jurisdiction of the Cayman Islands. In principle, the investors own only a company shell to which Opera's assets and profits have been transferred. This legal construct has not yet been approved by the government in China. If the conflicts between the USA and China intensify in the next few years, the shares could possibly become completely worthless.</em></p></blockquote><p></p>
[QUOTE="Paul.R, post: 1007574, member: 8305"] [B]Update about company structure: (after I did a research about it)[/B] [I]Opera is a Norwegian company whose main shareholders are Chinese, whose focus is on Africa and has been listed as an ADR in the USA. This constellation harbors a certain lack of transparency. In particular, the listing as an ADR is associated with further risks. Since Opera chose this VIE (Variable Interest Entity) structure, it is negotiated according to the jurisdiction of the Cayman Islands. In principle, the investors own only a company shell to which Opera's assets and profits have been transferred. This legal construct has not yet been approved by the government in China. If the conflicts between the USA and China intensify in the next few years, the shares could possibly become completely worthless.[/I] [/QUOTE]
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