Reply to @luanboo : i would much rather they have a rights issue actually. the loan has an effective interest of more than 15%p.a. with no early repayment (13%+libor and a 1.5mil drawdown cost if I didn't remember wrongly). That aside, I don't think they need more money unless they plan to expand significantly this year
You open short selling already!
Reply to @tanmingwang : Oh ok .
BTW Alliance still has a $20m loan facility that has not been drawn down yet
Reply to @luanboo : i would much rather they have a rights issue actually. the loan has an effective interest of more than 15%p.a. with no early repayment (13%+libor and a 1.5mil drawdown cost if I didn't remember wrongly). That aside, I don't think they need more money unless they plan to expand significantly this year
Read the latest announcement
https://links.sgx.com/1.0.0/corporate-anno...