InvestorsHub Logo
Followers 1
Posts 80
Boards Moderated 0
Alias Born 10/24/2011

Re: elberteclll post# 3506

Tuesday, 11/12/2013 2:06:03 PM

Tuesday, November 12, 2013 2:06:03 PM

Post# of 9347
Here is the current exchange rate:

Hong Kong 1 HKD to .128985 USD

If there are approximately 1.5 billion shares on the HCX for China Motion Mobile and the offer is for 1.15 HKD/share then:

1.15 x 1.5 billion = 1.73 billion HKD

1.73 billion HKD x .128985 USD = .22 billion USD = 220 million USD

My apologies if I'm off on the number of shares.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.