not sure if people saw this article from Caixin Online (from late June) but has some new info I missed previously. Quotes people close to company so take it with grain of salt.
OK, am I missing something b/c I don't see anything in the converted page about the buyout? When I googled the story/link, I wound up with an article from China Finance Information Network. Please confirm. TIA
Thanks for the post. Also, yesterday saw MY and TAOM close which were relatively small deals but still hopefully momentum...
Sentiment: Strong Buy
Chinese privatizations have taken longer the past few months due to dollar/yuan conversion overseen by SAFE (and they've always been longer anyway). While LONG closed a week after its vote, most other deals (XUE, DATE) have taken (much) longer than initially anticipated. Consensus is probably late Q2 or early Q3 but who really knows (other than those with inside connections)...GLTA
come on, people talking up the mid-June close last month is part of why this thing has been tanking the past couple of weeks (in my opinion)...there's too much behind the scene stuff with the government there...when you see a (real) spike, you know close will be in a few days (similar to DATE and XUE)...GLTA
if you can get that the page you posted is related to a bank loan, that's great but I have no way of seeing that with Google Translate--again, been long for a while so hope you are right...we'll see when things turn as there will be sharp movements up (just like XUE and DATE run-ups before official word came out, things are leaked and this deal is too big for it not to follow suit).
wish you were wrong but think you are grasping at straws here...lot of manipulation going into option expiration this Friday...this will show some strong upside movement when leaks hit about imminent closing...