Debt too high i guess.
But parent shanghai industrial already doing a placement of 350mil shares @ $0.63 to address this debt since the proceeds is used to par down debt.
Somemore do at premium tsk tsk
Debt too high i guess.
approximately S$132,000,000 or 60% of the Net Proceeds, to improve its gearing ratio and repay
existing borrowings of the Company, including part of a loan of S$156,000,000 from SIHL Finance
Limited which is due for repayment on 15 April 2017. SIHL Finance Limited is a wholly owned
subsidiary of SIHL; and
0.96 by RHBis 0.545 a little High to buy.
what price expected to rise?
0.6???
Like dat is crash?
- 0.005 ish crash ?
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