China Continental reinvents itself after major management dispute

China Continental is struggling to become more investor-friendly after a near-fatal behind-closed-doors management battle.

Toni Clarke

September 11, 2000

Pity the investor in China Continental, a holding company that makes bulletproof vests, owns a biotech farm in Inner Mongolia, sources manufacturing equipment for government enterprises and resells raw materials. Its shares have plunged 55% this year amid a management dispute that all but destroyed the company.

China Continental, formed in 1995, is listed on the US over-the-counter Bulletin board. On 18 July, in a statement to the stock exchange, the company said it had agreed to be acquired by Singapore investment company Transcontinental Capital Management TCM. It said it planned to switch its business from manufacturing to oil, gas and transportation.

Under the plan TCM would inject $72 million ...

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