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Not really understand that Kanger need a huge amount of funds for any purpose. There's must be something behind the fund raising via continuous private placement.
Ace.. Other company PP is to raise fund for further actions..
Kanger PP.. I guess mostly is to shake some director's share thinner to kick out from board or just to trap playera.. Just like Mr Wu fed-up and sell his 6% away to run away... 2.2b share.. Wth?