Bernard Horn Comments on REXLot Holdings Ltd.

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Mar 21, 2016

Chinese lottery company REXLot Holdings, Ltd. (HKSE:00555, Financial) diminished sector returns, as the trading suspension continued due to accusations of accounting irregularities. REXLot Holdings also faces bond repayment demands due to the suspension in its stock trading and reported limited ability to withdraw cash recently invested to expand its China operations.

From Bernard Horn (Trades, Portfolio)'s Global Value Fund annual letter 2015.