Recon group is at the most 5 smallish companies - most of which are clocking losses. RECON is just a front to be honest - it is nothing.
Teamax sit above recon and that is a bigger deal - but Xia owns a 18% stake in that company ....and thats it.
It isn't quite as bad as Carson Yeung who turned to be a hairdresser - but xia , recon, smart cities is out that ilk.
Sorry JV - but we have been had. Big time.