china yongsheng undervalued GEM stone $0.021

china yongsheng undervalued GEM stone $0.021

Mr Philip had to wait for nearly 2 years to see the stock go above water. Now 2.4 cents.

The board of Directors (“Board”) of China Yongsheng Limited (the “Company”) refers to the announcements released by the Company on 23 October 2014 and 30 November 2014 in relation to the Board’s receipt of a formal proposal (the “Proposal”) from an entity related to certain executive directors of the Company that may result in the delisting of the Company. The Board wishes to inform shareholders of the Company that discussions are still ongoing and there is no certainty whether a transaction will take place pursuant to the Proposal.

-- Company announcement on 24 Dec 2014.

75% jump in one day --- Now 3.5 cents. Eevery where, hot money chasing S-chips. Hot money from China go south to Singapore? Logical investment.

jumped up again .... 3.2 cents !
is this insider speculation of a delisting offer?

18 m shares traded as at noon today.

+0.2 cents, stable at 2.4 cents.

If privatisation, what is the offer price? 3 cents?