China Taisan

China Taisan: is -7% at $0.091 on top volume. The co has been quiet on the corporate announcements. Mgt responded to SGX query on 12 Jun, saying it did not have an explanation for the trading activity. Interestingly, Sias had a note out on 12 Jun, which talks about its site visit to China and inspection of the co's new machinery, which positions the co to take on new orders should the industry recover in future. Sias also highlighted that China Taisan's net cash of Rmb 709m translates to 149% of its trading price ($0.084 at report date), which may have spurred speculation of the counter as a possible privatisation play. The initial euphoria appears to be wearing out, as there has been no further updates since then.