NIU 0.00% 2.0¢ niuminco group limited

My understanding of the announcement is that NIU will receive...

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  1. 1,930 Posts.
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    My understanding of the announcement is that NIU will receive 70.8% (71.2 - 1.3retained) of the funds raised or 70.8% of $5500000=$3,894,000 out of which outstanding directors fees ($900000approx) plus other debts will be paid.
    I stand to be corrected.
 
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