China-Based Companies: China Ouhua, China Stationery, XiDelang, XingQuan, HB Global (Sozo), K-Star, Maxwell, MSports

All these companies are cash rich with minimal borrowings.

The depressed share prices of these China stocks have made them easy takeover targets or privatization candidates.

	Cash as at Sept 30 2012 (RM mil)	Borrowings (RM mil)	Net Cash per share (sen)
China Ouhua	124.58		18.65
China Stationery	883.7	19.7	69.57
XiDelang	323.5	19.3	41.9
XingQuan	340.2	14.6	105.96
HB Global	138.9	7.64	28.05
KStar	910.3	12.15	29.61
Maxwell	220.5		55.25
MSports	236	13.4	43.01