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30-10-2011, 12:30 AM
hi Nick,
(1) I think the equity raising was bought up but as usual, they said 'it depends on prevailing circumstances and we are exploring all our options blah blah blah'. My personal opinion is that since they have admitted that they are unable to get longer term loans (like all others in China now) and as 1 shareholder mentioned that land leases cannot be pledged as collateral for bank term loans, i see a considerable probability for equity raising.
(2) Well, no one has as much vision as u, to talk about that! Again my personal opinion is that as per AR, only 2% of farmlands in China are leased, there is still lotsa room for expansion in China before even think about expanding overseas! Instead, i may ask this question of whether they are ready to take over ChaoDa's leases if ChaoDa proves to be a fraud and their CEO goes to jail for insider trading!
(1) I think the equity raising was bought up but as usual, they said 'it depends on prevailing circumstances and we are exploring all our options blah blah blah'. My personal opinion is that since they have admitted that they are unable to get longer term loans (like all others in China now) and as 1 shareholder mentioned that land leases cannot be pledged as collateral for bank term loans, i see a considerable probability for equity raising.
(2) Well, no one has as much vision as u, to talk about that! Again my personal opinion is that as per AR, only 2% of farmlands in China are leased, there is still lotsa room for expansion in China before even think about expanding overseas! Instead, i may ask this question of whether they are ready to take over ChaoDa's leases if ChaoDa proves to be a fraud and their CEO goes to jail for insider trading!