China stocks CIND,CHRB. Message Board

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Microcap & Penny Stocks : China stocks CIND,CHRB.

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To: George Zhou who wrote (3)	6/4/1996 9:28:00 PM
From: Jeffrey Beckman	of 303

George: CIND announced today the acquisition of Cashmere Holding Group (CARE), a manufacturing co. with 130m assets for, effectively, 31m shares. CARE has 85m in annual revenue to go along with the assets. There will probably be slight dilution here, but the PE should still be ridiculously low, even without much help from CARE. The company issued a number of equity financing measures in '94. They have been considered as all converted since the start of '95, although in actuality they've been slowly converting all year. The 48m figure used for PE calculations assumes complete conversion. Did you see the news? What do you think? Jeff

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