"If we go back to the announcement on the postponing of the Hong Kong IPO, Iggy Tan has the following: comments "Given the company?s strong financial position, we saw no necessity to launch the IPO in a market environment that would not serve the interests of either existing shareholders or deal participants?.
If the company has such a strong financial position why has it had to return to the market exactly a month after the postponement of the IPO statement was released? Furthermore is it in the best interests of shareholders to be diluted and not have the chance to participate in the placement?"
link: http://www.thetradercentral.com/news
Acquistion must be on the cards.
GXY Price at posting:
43.4¢ Sentiment: Hold Disclosure: Not Held
