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+--- Thread: A Chinese website ifeng published a new article on NQ (/showthread.php?tid=5064)
RE: A Chinese website ifeng published a new article on NQ - tradestar2012 - 11-05-2013
The secondary in may 2012 was for some of the original investors to exit their position. If you look at how many shares would have been sold by the company (vs. original investors), I think it was less than 10%. It was very very small from what I remember. I actually posted about it on Yahoo and SA about how investors were overreacting to nothing. The problem with the offering in 2012 was the size of the offering. It was something around 30% of the float. which would have collapsed the stock. That was just poor advice from their bankers. I'm going off memory on this but thats generally what happened.
Generally if you want to do an equity offering, you want to keep it to less than 15% of the marketcap (i'm not an expert on converts, but from my hazy memory working with some of my convert capital markets colleagues, that was the ballpark). Thats why the convert size they did was around 15% of their market cap (NQ was around $1.1bn in market cap). However, they can go bigger if they want and the demand is there (remember, the shoe was exercised so there was excess demand for NQ paper).
RE: A Chinese website ifeng published a new article on NQ - chenlica - 11-05-2013
the article had quite a few factual and statistical errors which NQ's offcial weibo(Chinese twitter) pointed out...shows the level of DD the reporter did to write it.
snapshot is in Chinese...
RE: A Chinese website ifeng published a new article on NQ - eddielee - 11-06-2013
error:
NOT 6.4 bln yuan XU ZHOU's wealh
but 6.4 bln yuan /10 =640m RMB
RE: A Chinese website ifeng published a new article on NQ - kevinh - 11-06-2013
'eddielee' pid='30974' datel Wrote:error:
NOT 6.4 bln yuan XU ZHOU's wealh
but 6.4 bln yuan /10 =640m RMB
6.4 bln yuan = 6.4 bln RMB. Idk why you are dividing by 10.
RE: A Chinese website ifeng published a new article on NQ - eddielee - 11-06-2013
refer to the article, it say XU zhou wealth 6.4亿
chinese '亿' =10^8
you do the math
RE: A Chinese website ifeng published a new article on NQ - kevinh - 11-06-2013
Yep, yi = 100M in Chinese. But you wrote
"NOT 6.4 bln yuan XU ZHOU's wealh
but 6.4 bln yuan /10 =640m RMB"
which leads people to believe that 1 RMB = 10 yuan, which isn't true.
RE: A Chinese website ifeng published a new article on NQ - chenlica - 11-06-2013
yuan = rmb
1 yuan = 1 rmb
Chinese character 亿(Yi) = 100 millions
6.4亿 = 640 million
different number system in these two languages