Actually that isn't correct. After the distribution the debt should still be $111M. First, it is reduced by $62.3M after which SIAF gives 18.3M shares back to TRW, which increases the debt by $62.3M. So it's still $111M.
Or, 58 - 9 + 62 = 111
Thanks for the response,
I'm still little bit confuse here, why would "SIAF gives 18.3M shares back to TRW"? Are you talking about the shares that they are going to distribute to shareholders which is the 18.3%? Why would cause the increase of the debt by $62.3M?
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