Message Font: Serif | Sans-Serif
No. of Recommendations: 2

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.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.