CHANGTIAN PLASTIC has RMB1 b in cash = S$3 per share in cash (after consol). The net asset value is about S$3.20 per share. The share prx is 75 cents. The share has jumped from 40 cents to 75 cents in a matter of 4 months.
Won't touch with a long pole -- china essence, but it's up 20% today.
share price 1.8 cents.
After huge losses, it has negative equity of RMB700 M. And if I am not mistaken it has huge liabilities in the form of convertible bonds and a DBS bank loan.