So, short-term wise at least, it looks like the stock would be OK. Maybe we areWonder which brokerage brokered the placement? More importantly, who are the investors who took up the shares? High networth? Boutique funds? In-house traders/remisiers? Are they long-term or short-term in the stock? The discount to market price was expected since no one would pickup Qingmei in big quantities unless offered a discount. Plus offered an assurance that the books are clean. Plus an assurance that the earnings for 3Q would not be a negative surprise. So, short-term wise at least, it looks like the stock would be OK. Maybe we are too imaginati ve, or too anxious. http://www.nextinsight.biz/index.php/component/ccboard/view-postlist/forum-3-sgx-stocks/topic-4532-qingmei#ccbp7280