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MonkeyGee : can you give us more details behind this action?
doctorpot1OP MonkeyGee:
Basically is sell the company asset amd liabilities to Qoo10 at $6.50 per share while retaining the losses to be sold to another company at a later time. So end up the company will have 0 debt, 173m in cash, and 2.7b in accumulated losses. then they try to sell the company for a higher price.
more details here wish.com/static...
https://ir.wish.com/news-events/investor-calendar
MonkeyGee : thank u
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