30-11-2016, 09:12 AM
(20-11-2016, 05:16 PM)karlmarx Wrote: It has $400m of loans, and $100m of notes due 2018.
I'm not so sure if raising $41m is sufficient while the business is still bleeding.
Tat Hong share price drops to 33 cents today (same as rights price). So the rights price has to adjust downwards and also increase the rights ratio, in order to raise enough funds to redeem the notes due in 2018.
Looks like there's no support for Tat Hong's current share price! 🙄