21-10-2014, 05:14 PM
(21-10-2014, 04:46 PM)CityFarmer Wrote:(21-10-2014, 04:35 PM)Max12345678 Wrote: Read through the report at
https://www.dropbox.com/s/84s7q9ktbps22q...4.pdf?dl=0
really make one worry about investing in China companies!!
The report is very comprehensive indeed
I briefly run thru the report. It seems creditable with reliable references to Euromonitor and Nielsen.
(not vested)
One of the key point in the VIC report, is the CB issue. The report dated Sept, 4, while the company latest update on the CB below, dated Oct, 08.
A principal amount of RMB 19.5 mil of CB was redeemed with RMB 37.9 mil, over 3 years period. It seems safer and more profitable to own the CB...
"Further to the announcement dated 28 September 2011, the Board of Directors (the
“Board”) of Sino Grandness Food Industry Group Limited (the “Company”) wishes to
announce that, Bondholders representing 80.5% of the principal amount of the
Convertible Bonds have indicated that they intend to exercise their right to extend the
Maturity Date of the Convertible Bonds from 19 October 2014 to 30 June 2015. The
extension is subject to the execution of various documents."
http://infopub.sgx.com/FileOpen/Sino_Gra...eID=317474
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