GREY:WFREF - Post by User
Post by
QUANTUMJUMPon May 26, 2016 11:41am
122 Views
Post# 24906768
Actually
Actually
Private holding company Quindao Sinoenergy capital corporation pays 50% of the initial $200 million
Changchun Sinoenergy the publicly traded company pays the other 50% , so $100 million
( Chanhun does own 48% or so of Quindao , $20 million already in escrow not subtracted from total)
After that it is not our concern
The $200 million covers shareholders and working capital for 2016