Rights Issue ? Could be. OCBC just restored their previously suspended scrip dividends, it is likely they need more equity to enhance Balance Sheet to accomodate Wing Hang purchase.

Then it is merely a hope based on looking at a crystal ball? Sounds like hopeless to me

What is your hope on Serial based on ?

The news apparently has no impact on share price.

up +3.41 % 0.455 +0.015

Midas not a Chinese company per se, it is Singapore company with extensive business operations in China.
When it is mismanaged, any company can collapse or lose its value regardless whether it is Chinese or Singapore company.

May I ask why do you think it should it fall further?

PE & Forward PE and growth are intricately linked. Midas is "growth" company in sea of opportunities within its industry. It is really a question whther they can win big and fat contracts and still manage to maintain good margins i.e. profits.

Probably some fund investors don't like GLP taking on more Brazilian assets increasing emerging market risks.

why ?

You helped put your daughter's hard earned money in Dukang an S-chip ? ... a better advice would have to invest instead in blue-chips

USD74.5M is really peanuts compared to the full acquisition price. This is more of a PR thing or a concession to let some "third parties" to come on board to benefit or continue to benefit from business opportunities once the acquisition is completed.