30-10-2014, 10:04 AM 
		
	
	
		This new deal is unfortunately not in Sino investors favor and now the fate of Sino Grandness is completely subjected to the whims of the market. It sets a lower cap on the placement price and no limit to the downside.
Perhaps he is looking for another potential large investor to buy in at this point in time of price weakness to share the risk? Fundamentally, Sino Grandness' intrinsic value has just taken a significant hit.
I'd suggest CEO to walk away from the deal if the market conditions turn unfavorable for investors.
CY09: are you basing that on UOB Kay Hian's target price?
	
	
	
	
Perhaps he is looking for another potential large investor to buy in at this point in time of price weakness to share the risk? Fundamentally, Sino Grandness' intrinsic value has just taken a significant hit.
I'd suggest CEO to walk away from the deal if the market conditions turn unfavorable for investors.
CY09: are you basing that on UOB Kay Hian's target price?
Homepage
