(nta 47 cents rmb yet issue shares at 2.4 Singapore cents....red flag on nta......)
Based on pro forma financials as of FY2021 ended March, China Star Food’s net tangible assets decreases from 47.14 RMB cents to 34.26 RMB cents.
China Star Food to raise $12 mil through proposed placement
https://www.theedgesingapore.com/news/e ... -placement