Just bought 理文造紙 (2314) @ HK$2.18
理文 and 玖龍 (2689) are both priced for bankruptcy. Where they cannot roll over their loans.
Now... I am not surprised if they are completely screwed. But hard to accept that not even one will survive (through divine/govt/states-bank/private-equity intervention)...
And as a betting man, I won't take a punt on 玖龍, whose CEO publicly opposed 勞動法 the Labour Law in China late last year.
So... 理文 remains. Also it has a press conference today at 500pm. I am sure they will to address their debt/liquidity issue.
If not SELL SELL SELL on Monday hor hor hor