Sino Grandness

[budgetier]

Portuser,

Thank you, for answering my question as to where you obtained the information that Sino had secured RMB582m banking credits in March 2017 ahead of possible bond redemption later in the year. I must confess that I gave the auditor report a miss, thinking it was a standard auditor report.


The auditor report was released together with Sino’s annual report in early April 2017. Negotiations on the status of the bonds were finalised end June 2017. So, I can only conclude that bondholders would have read both reports and would have known that they could have full redemption if that was their intention.

Are there other points that I would find helpful or interesting in the auditor report? The mass of data/technical information can be daunting to the layperson such as I am.