This article only represents the author's own views.
A landmark trade deal between the U.S. and China lit a fire under U.S.-traded Chinese stocks on Monday, but you would never know from looking at shares of Ispire Technology Inc. (ISPR.US). Perhaps the vaping company would like it that way, since it’s trying hard to convince investors it’s a Los Angeles-based, U.S. entity, despite its strong China ties.
The reality is that Ispire is still quite reliant on China, which currently supplies most of its vaping hardware from its self-owned subsidiary in the Southern boomtown of Shenzhen. But the company is moving quickly to reduce those China ties, and provided a detailed update of its plans to move a major portion of its production to a new facility in Malaysia in its latest quarterly results announced on Monday.