02-03-2016, 07:24 AM
If they have decided that only 60% have conversion rights, why not redeem them straight away but allow the 40% to chalk up interest from 10% to 25% for the next 1 year. The only reason i can think of is they dont have the money but why pay more than 500 mil rmb for capex now, shd have paid off the 40%.. Any insights