When you see a news release indicating that they have successfully raised the funding for Long Run purchase, then the closing date will follow very shortly after. The heavy discount for the lack of funds will remain until then. They have been attempting to raise the funds for LRE for just over two weeks. If they had the investors already lined up, then closing could come any day now. If not, there could be some more waiting yet.
Feb 29 Changchun Sinoenergy Corp
* Says to raise up to 1.95 billion yuan ($297.84 million) in share private placement to fund projects, repay loans, boost working capital
Thu Mar 3, 2016 2:50am EST
BRIEF-Regulator halts review of Changchun Sinoenergy's shares issue application
Changchun Sinoenergy Corp
* Says securities regulator halts review of its shares private placement application
Friday, 22 Apr 2016 08:00pm EDT Changchun Sinoenergy Corporation:Amends its private placement plan.New plan is to issue up to 122,275,000 new shares, for 2.3 bln yuan in total in private placement.
April 22 (Reuters) - Changchun Sinoenergy Corp 600856.SS * Says it aims to raise up to 2.3 billion yuan ($354.06 million) in private placement of shares to fund project, acquisition, repay loans and replenish capital * Says part of proceeds to fund acquisition of Canada's Long Run Exploration 600856.SS valued at C$787.8 million ($622.72 million) * Says share trade to remain suspended Friday, 22 Apr 2016 08:00pm EDT Changchun Sinoenergy Corporation:Says it Qingdao-based wholly owned subsidiary to buy 49.74 pct stake in Qingdao-based petroleum investment company (target company) from Jiangxi-based energy investment company, for 50 mln yuan.The subsidiary to hold 50.26 pct stake in the target company.After the transaction, the company will buy Canada-based company, Long Run Exploration Ltd. through the target company's overseas wholly owed sub-subsidiary Calgary Sinoenergy Investment Corp, for C$787,829,100 (about 3,688,143,100 yuan).