-- I read between the lines and believe that there is an unexpected delay in the IPO process. The delay may be caused by a delay in the completion of the resource analysis report by some 3rd party. I don't think this is alarming. What do you think?
The Board of Directors of Tritech Group Limited (the “Company” and together with its subsidiaries, the
“Group”) refers to the substantial increase in the trading volume of the Company’s shares today and wishes
to announce that the Company is currently exploring potential acquisitions, investments and/or fund raising
options available to the Group in relation to its water business.
Betting on the IPO of the marble business. I reason that there is significant upside because the marble business, according to Voyage Research, is valued at S$234 million.
As of now, TriTech as a group has a market value of only S$174 million (assuming 23 cents a share currently). Now you can see why I am betting on the IPO. I assume Voyage was well guided by management of TriTech with regards to the potential market cap of the marble business (known as Terratech). Well, we will know in the next couple of weeks or months. Stay tuned.