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Could this be a true Chinese bargain on AIM?

31/01/2013 · Naibu Global International Co (NBU) 

The share price of the China based shoe manufacturer and sportswear brand owner has fallen nearly 30% since listing in April 2012 resulting in a lowly multiple of only 1.75x forecast full year 2012 earnings. With cash at the interim stage equivalent to nearly 70% of the current market cap is this a true Chinese bargain on AIM?

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