Qingmei Group Holdings

[yewkim]

Totally agree, in fact if we believe the books of S-Chips here's a scheme to get rich.

1) Convince a bank to loan you 20M, buy over Qingmei (current mkt cap 16m) and you will have 67M cash.

2) Now use 20M to launch a hostile takeover of China fibretech (current mkt cap 16m). So now you have spent 40M but have obtained a total of 150M in cash from these 2 takeovers.

3) Now pay back the 20M you initially borrowed and be left with $130M. Use $35M to takeover Universal Resources to get the $109M present in its B/S.

Using this get rich scheme you will now have $200M cash and have paid off your 20M debt.

*For employees of any cash-rich companies reading this, feel free to market this idea to your directors (if they are that dumb enough) on how to "increase earnings of the company".

The fact is that they are what they are speak for themselves. They are definitely smart.