http://www.irasia.com/listco/hk/chaoda/announcement/a82189-e...They are selling 100 million shares at $4.66 (HK) per share. The net proceeds should be about $59 million USD. They may need this money to buy off their bondholders - my understanding is that the bondholders can contractually demand payment on November 25th if the stock remains halted at that time.
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