Wednesday, October 12, 2011

Wanxiang Intl

Wanxiang Intl: The ingredient manufacturer has proposed to be delisted due to low liquidity. Controlling sh/h has offered $0.20 per share 43.9% premium over $0.139 last traded share price. A stake of 67.15% has been secured accepting the delisting. Co was loss-making as of last quarter results with NAV of 16.7c

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