GREY:WFREF - Post by User
Comment by
anyoneon May 26, 2016 1:35pm
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Post# 24907239
RE:Actually
RE:Actually Changchun Sinoenergy did not need private placement to close the deal as it has over $100M cash + credit. However, Changchun Sinoenergy needs shareholder approval to buy 50% interest of Calgary Sinoenergy from controlling shareholders of Changchun Sinoenergy.
Changchun Sinoenergy has help or guarantee from its controlling shareholders to finance the deal even if private placement not passed.