As we truly enter the Silly Season, I thought you might like this story.
Up for grabs is a share in the burgeoning and ambitious Shaolin Monk empire:
“…a stockmarket listing that could raise £85 million ($A155 million). The move is part of Mr Shi’s plan to franchise the monastery across China, the US and South-East Asia. Shaolin has already taken over the management of several temples in Yunnan and the rumour is that it also has its eye on a site in Taiwan. ”We cannot avoid or ignore the modern world,” he said. ”If we do, we have no chance of survival.'”
Sounds like an offer to good to refuse… or perhaps too good to be true.
Tags: China, finance, International business, IPO, Shaolin Monks, share offer, Taiwan
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