Cobra calls on Tse Sui equity
The new controlling shareholder of troubled retailer Tse Sui Luen Jewellery (International) has confirmed it will launch a general share offer. Cobra Technologies, together with associates holding 59.9 per cent of the company, will offer 32 cents for every Tse Sui Luen share it does not own. The stock closed two cents higher yesterday at 31 cents. Cobra vows to keep Tse Sui Luen on the stock exchange.