Curaçao’s fledgling stock exchange intended to attract Latin American companies seeking to raise money from European investors. Instead, Chinese firms came.
When Water Years Holdings, a small Chinese firm that sells wine and candy made from blueberries, was looking to go public in 2017, there were few options. The company, which had earned a profit of less than $50,000 in the prior year, was too small to qualify for a listing on the Shanghai or Hong Kong stock exchanges. New York and Singapore were also out of the question.
So company executives hopped on a flight to Curaçao, a small Dutch territory about 40 miles off the coast of Venezuela, to
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