Hanny just announced that they sold all the ITCP convertible notes to Charles Chan for 311.8M (5% above their book value). It is a positive news, as Hanny continue to disengage itself from Charles Chan. Now the only link between them is the 50% stake in the ITCP China. Also after the sale, Hanny will have about 1.6 hkd per share (part of the cash will be used for real estate development.)
If you are Hanny's shareholder like me, please contact me. We should put more pressure on the company to return those access cash to shareholders
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