Straco Corporation

[CityFarmer]

Just curious - would extrapolating the Company's withholding tax paid to the PRC authorities give us a good idea on how much cash is being taken out of China ? Thanks.

I do curious too, but it should not be a straight-forward extrapolation. It depends on withholding tax rate, on various subsidiaries and group level. The tax rate varies depend on quite a number of factors, IIRC.

YZJ paid around quarter of a billion in RMB, annually in withholding tax.

Base on last chat with the CFO, she have carried out "conservative financial engineering" to save quite a bit of money on offshore payment, by arbitrage on interest rate. In short, the company earned by offshore payment to its shareholders.