China Trading Stocks

[kindama]

There was a DJ/Reuters newswire headline so not too difficult to discover, but the story seemed quite vague so I surfed around until i found an official confirmation (the regulatory filing). Weird how a very large seller capped the price yesterday at $2.05.

AMCN was holding about $2/ADS in net working capital. I don't know how much of that is included in the RMB 3Bn valuation of the unit where the investor is buying 5%. Fair value of AMCN is going to be:

Advertising business: 95% of 3Bn RMB plus
Parent Company working capital ? plus
Wifi Business (trains and planes) ?

Probably something like $9-10 overall. They might even be able to raise that number by getting a new domestic investor in the wifi business at a high valuation.