Ziwo: Could see some negative sentiment after Co. announced that it has decided to abort the Proposed TDR Issue due to weak mkt conditions and sentiments. Proceeds of TDR initially planned for construction of a multi-purpose office building, two factory buildings and four additional foamed SBR production lines. Co. add that while proposed TDR Issue will be aborted, intends to proceed with its expansion plans and will fund the expansion with internal resources or external financing….
Technically see support at $0.265, followed by $0.24.
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