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Takeover target?
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Nostradamus
Supreme |
16-Aug-2006 10:15
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It will issue up to $30m of convertible bonds to DB Zwirn Mauritius Trading Lte, wholly owned by a US-based fund. The bonds, to be issued in 30 tranches of $1m each, can be converted to ordinary shares in the company. |
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Nostradamus
Supreme |
14-Aug-2006 12:09
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Penguin Boat Dealers said that the report in the Chinese-language local daily Lianhe Zaobao prompted interest from investors who see Penguin Boat as a takeover target. Penguin, which has a stock market value of US$25 million, reported on Thursday a net profit of $439,000 ($278,400) for the first half of 2006, compared to a loss of $3.7 million ($2.35 million) a year ago. |
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