12-12-2013, 07:57 PM
In fact, for many months, from the quarterly financial statements, it is obvious that Popular has difficulty selling its properties. The boss shouldnt have gone into property on its own, should have seeked out joint venures with established property developers. I believed it must have been an ego problem. The fact that he can run the chain of bookstores well doesnt mean he can run property development well. The lesson is learnt by the boss and management, haha, but the price is paid partially by minority shareholders.