OTCPK:LLEN - Post by User
Post by
COO2002COOon Sep 26, 2013 8:34am
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Post# 21768977
PR is confusing to me
PR is confusing to me"L&L accomplished this by purchasing 95% interests in two Union Energy subsidiaries, Guizhou Union Energy Shun Da Inventory and Transport Corporation and Guizhou Union Energy WuZhou Energy Development Corporation, which previously owned 100% interest in both of the respective mines."
I found this sentence odd. Should it be put as:
L&L accomplished this by purchasing 95% interests in two Union Energy subsidiaries, Guizhou Union Energy Shun Da Inventory and Transport Corporation and Guizhou Union Energy WuZhou Energy Development Corporation, which CURRENTLY OWN 100% interest in both of the respective mines.
The PR statement creates confusion because after reading it, I now do not know what or how much equity interest Guizhou Union Energy Shun Da Inventory and Transport Corporation and Guizhou Union Energy WuZhou Energy Development Corporation respectively have in those mines.
Can someone enlight me here?