Ann: Appendix 4E Preliminary Final Report 2014, page-4

Sure!!

They are an integrated logistics company that was originally Chinese government owned. They control all land based freight in China and have moved into shipping and air freight, listing sinoair on the Nasdaq, and sinotrans shipping on Hong kong exchange. They are a billion dollar company and recently took a 17% stake in Richfield along with a Singapore broker.

They own over 3000 companies worldwide and provide similar shipping services as Richfield in China. Richfield have opened offices in China also.
It stands to reason they will try to increase their stake, and the rights issue provides the opportunity. It's open until May 24th. Even if they pay $1 a share, they average out at about 60cents. Buying these rights will give them close to a majority. Last years issue never went ahead because the transfer of shares had complications.
I'm not saying it's a given, but I can't see why a company the size of sinotrans would bother investing $1m in a penny stock through the asx.
Richfield control a niche that extends throughout Asia, India, Sri lanka, Africa and west Australia and they need to grow their footprint. They would be trying to get the best price and the falling AUD helps.
Time will tell, but there is a lot more interest in this stock than it appears.
Breakout is imminent imo as it is tightly held.