timeline requirments re follow-up t/o bids, page-6

Mesbon's rival in the exact same business (premium nylon focusing on product differentiation) has added 40,000T of nylon production in 2011, and is planning to add another 50,000T in 2012. Its factory is just 200km away from Mesbon's factory. The MD told shareholders the 4Q is facing input cost pressure and a declining sales price.

Look this is a game of who gets bigger first. Only the big ones have the money to afford innovation and product differentiation. Small nylon producers can't survive in the cage game of sustained higher production costs, increased competition, and a lower R&D capability.

I guess in the next three to five years Mesbon would need at least 100m Yuan to maintian market share, the company is near its debt capacity so in the future, either a dilutive CR or we list elsewhere to people who appreciate this business.