If you need a background the initial post is much fun:
Six months after I wrote that post (which suggested that the Universal Travel Group was complicated) the stock was suspended. The auditor (the fifth) resigned.
Normally this means that the company winds up trading on the pink-sheets and the stock goes asymptotically to zero.
Not this time though. Universal Travel seems determined to clean up its accounts and trade again on the New York Stock Exchange.
They have hired a new auditor.
They appointed a new Chief Operating Officer.
And they appointed a new board member.
This new board member is probably very good at spin - which will be useful as the company tries to persuade the New York Stock Exchange to reinstate its listing.
Here is her CV:
Ms. Moling Shang has served during her career in several jobs in the communications division of the Central Committee of the Communist Party of China (CPC). From 1984 through 1996, Ms. Shang was the Chief of the Propaganda Department in the Information Bureau of the CPC's Central Committee. From 1996 to 1999, Ms. Shang served in numerous positions including Associate Director of News Agency for China Central Television and her previous role as the Chief ofPropaganda. Following her successful completion of her previous roles, Ms. Shang was appointed Deputy Chief of Propaganda in the Organization Department of the CPC Central Committee where she was responsible for the Three Represents campaign from 1999 through 2002. From 2002 to 2010, she served as Deputy Chief of the Information Bureau of the CPC Central Committee. Ms. Shang graduated from the Branch School of Peking University.
She is the former Deputy Chief of Propaganda of the Information Bureau of the Communist Party of China Central Committee.
I am sure she will keep shareholders informed.