27-05-2013, 12:47 PM
(27-05-2013, 08:27 AM)felixleong Wrote: management of sino grandess is pretty shady, if they had needed $$ for expansion they should had gone to the market for a simple bond issue, instead they got into such a complex CB
if you really go study the CB you will understand that its almost a sure win for goldman and very little to negative value for shareholders
Perhaps they have some credit rating issue. Need other sophisticated investor buddies to confirm.