RE: Don't get it31 Aug 2015 09:36
wanting to expand.tried to raise 10 million last year but was difficult.so going to fund the expansion themselves.see below from rns.
While the Group's operations in China are profitable and cash positive, liquidity in China continues to be tight and the working capital requirements to operate the business has increased year on year. As such, the Company has sought to raise monies from the market to fund its capital expansion and provide working capital for its overseas expansion. However, this has proved difficult and the discount of the Placing and Subscription to the recent trading price has been necessary to raise the required funds