Prosper eVision downside likely limited

Prosper eVision (0979) may fall on Nasdaq's move to delist associate China Convergent for including on its balance sheet - without reasonable basis - an asset named CVN (of which PeV owns 33%) valued at US$731 million. If CVN written off, CC fails to meet US$4 million in tangible assets required to retain listing. Given that PeV has fallen 77% this year and since market generally discounts CVN's valuation, downside likely limited. China Convergent appealing Nasdaq's decision. Yesterday, PeV ended up 7.4% at 10.2

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