dingyi up 25% on hkse - something up with elm?, page-2

i bought another parcel today at 18 cents

based on the conversion of the note, Dingyi already own 4.4% of ELM, which cost them $5m, and will obviously have to covert the note, which is another $10m (less adjustment), resulting in another 8.4% ownership interest

so $15m spent at 34 cents a share for 13% of ELM means Dingyi should make another offer with another structure

18 cents looks pretty good when Dingyi have bought around 42M+ shares at 34 cents