This was the companyÆs first GDR sale since November 2004 and came after a better-than-expected third-quarter earnings report, which suggested that the business has turned a corner following the losses in the first half. However, sources say investors werenÆt entirely convinced yet that the performance will be sustainable and therefore demanded a fairly significant discount. The fact that the share price has risen 67% from a low in early May likely also played a role here and...
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