Dear Readers & Fellow Bloggers,
I am neither hallucinating nor suffering from permanent brain damage as I write this post. I have stumbled across a company on the SGX where you can indeed earn a million ( if you believe the management & auditors). Introducing China Sports International
About China Sports International
A China Company which sells Sports & Apparel products in China under the brand name “Yeli”. The company’s current market capitalization on the SGX is s$9.228 million. Its current auditor is RT LLP.
How To Make a Million
Before you guys get too excited , lets analyse its latest Balance Sheet:
China Sport’s Balance Sheet as of 3QFY16
If you notice the company has RMB 133 mil RMB cash & equivalent and a total liabilities of only RMB 66 Million.
Step 1: Go to any (dumb) bank, tell them you wish to takeover China …