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Microcap & Penny Stocks : TNRG Tianrong Building Materials -- Ignore unavailable to you. Want to Upgrade?

To: Loren S. who wrote (2989)	7/31/1998 11:38:00 AM
From: Jack of All Trades	Read Replies (3) \| Respond to of 9824

Here's my thought on why this stock is down.... NEW YORK--(BUSINESS WIRE)--March 30, 1998--Tianrong Building Material Holdings Ltd. (OTC BB:TNRG) announced today that it has entered into a letter of intent to acquire an 80% interest in Chongquing Dazheng Emporium Co. Ltd. Chongquing's major asset is a shopping center located in the Chinese province of Szechuan. The shopping center currently generates annual revenues of approximately $144 million and annual profits of approximately $5 million. The acquisition is to be financed via a $48 million convertible debenture. The conversion price of the debentures will be $3 per share. Check out Zeevs opinion of convertible debentures.... Message 5368910