I don't know if I read this correctly. It looks XIN is proposing another debt offering, and Fitch just rated it at B+. What the heck is XIN needing cash so badly? They already did a debt offering and a TPG offering this year.
Leo, what do you think? How can XIN be more suspicious after one and another news? Every single news points that XIN may have a cash hole. I am glad that I were out. Otherwise, I will sell now before the actual offering is announced.