Good point on the understate of NTA.. This deal finally provides us some clarity on what that amount is... Could be more than 10m you say, Because you have not included the land costs in the 14m.
Furthermore, the 2 facilities next to each other could be worth more than sum of the parts.
Also there is the licenses to manufacture scooters, I understood was associated with the land.. And is worth something and is not on the books.
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Ann: Vmoto to Expand Manufacturing Capacity with New Facilities, page-46
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