01 November 2011

Mah Sing Ends LOI with China Partner

Mah Sing announced on 28 Of October 2011 that it had ended the Letter Of Intent to jointly develop a property in China with its business partner there after near to 2 years of waiting. To the best of my knowledge, this is the 2nd time Mah Sing has stop such project before it kicks off due to the long time waiting.

What I am more curious is how company is going to due with its near to 30M USD deposit in China Bank? The 2nd question is, how is the company is going to expand its business to at least regional level?

However, I am still think that Mah Sing Top Management is very good in managing their cash flow, and I hope that they can keep on acquiring new piece of land when the market is in the downturn and sell more whent the market is going up. This is what I call - 'Buy Low' and 'Sell High'. In another word, we can call it 'Buy when marke price is undervalued' and 'Sell when the market price is overvalued'.

Source: http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/all/964F1D73966D04B84825793700366A26/$File/Mah%20Sing%20Changzhou.pdf

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