Zhongmin Baihui Retail Group says all 30 million new shares were placed out at 30 cents each at its IPO. This represents 15.3% of Zhongmin Baihui’s enlarged issued share capital post-IPO.
The company owns and operates one of the largest underground shopping malls in Xiamen, Fujian province. The company also manages six other department stores in Quanzhou and Zhangzhou cities in the same province.
China Hongxing Sports says it has received an order book with RMB 849 million ($165 million) worth of orders secured at the 2011 Spring/Summer Collection trade fair, held in Xiamen in October 2010.
The October trade fair has drawn strong interest from more than 1,800 participants, boosted by the introduction of approximately 190 new footwear models and approximately 500 apparel and accessories designs. The order book of RMB 849 million represented a 24.9% increase as compared to that held in October 2009.
China Hongxing Sports (BR9.SG) most active stock in market, +5.0% at $0.21, as RMB1 billion ($198 million) worth of orders secured at August trade fair in Xiamen fuels optimism over sportswear retailer’s prospects, says Dow Jones.
Order value 12.6% higher vs August 2009. "Recent minimum wage hikes and improving distributors’ sentiments (in China) have helped China Hongxing’s order books to recover," says DMG, which has Buy call with $0.22 target.
China Hongxing Sports says it received an order book with RMB 1 billion ($198 million) worth of orders secured at the 2011 Spring/Summer Collection trade fair, held in Xiamen in August 2010.
The August trade fair has drawn strong interest from more than 2,200 participants, boosted by the introduction of about 180 new footwear models and roughly 400 apparel and accessories designs. The order book of RMB 1 billion represented a 12.6% increase as compared to that held in August 2009.
China Hongxing Sports (BR9.SG) is faring better than most other S-chips, trading flat at $0.175 vs FTSE ST China Index’s 2.5% fall, helped by increased orders from recent trade fair.
The sportswear retailer said it secured RMB896 million ($186 million) worth of orders at trade fair in Xiamen last month, up 12% year-on-year and up 31.8% over last trade exhibition in October. The orders are expected to be delivered in 3Q10.
China Hongxing Sports has received an encouraging order book with RMB 896 million ($185 million) worth of orders secured at the 2010 Autumn/Winter Collection trade fair, held in Xiamen in mid-January 2010.
The January trade fair drew strong interest from more than 1,800 participants, boosted by the introduction of 200 new footwear models and 560 apparel and accessories designs, says China Hongxing.
Straco Corporation, the developer and operator of tourism-related attractions in China, reported a net profit of $5.2 million for the third quarter ended 30 September 2009, after accounting for an exchange loss of $0.38 million for the quarter, as the RMB currency weakened further against the SGD in the third quarter.
Group revenue was $12.52 million, an increase of 5.1% over 3Q2008, despite a marginal drop of 1.2% in overall visitations to our two main attractions, Shanghai Ocean Aquarium and Underwater World Xiamen.
Sporting goods company China Hongxing Sports says it secured about RMB 887.5 million ($187 million) worth of orders at the 2010 Spring/Summer Collection Trade Fair held in Xiamen over the weekend of Aug 7.
China Hongxing says the fair drew strong interest from more than 2,500 participants at the latest trade fair, boosted by the introduction of about 250 new footwear models and 700 apparel and accessories designs.
• Twitterer amoiist caught up in police blog probe
• Inquiry centres on murder ‘libel’ against officials
The hundreds following amoiist on Twitter were used to his stream of messages. But they ended abruptly with two terse updates early yesterday morning.
“i have been arrested by Mawei police, SOS” he wrote. Then shortly afterwards: “Pls help me, I grasp the phone during police sleep.”
His followers quickly passed on his plea to other Twitterers. But since then there has been silence from amoiist – also known as Peter Guo, or Guo Bofeng – who is apparently the latest internet user to be caught up in an inquiry that began with claims of defamation but which police now say involves “state secrecy issues”.
As many as seven bloggers have been detained over claims that a 25-year-old woman, Yan Xiaoling, had been gang-raped and murdered. It was further alleged that the man responsible was connected to local authorities in her city in Fujian province, southern China.
Officials dismissed the stories, which first surfaced in late June, and insisted Yan had suffered a haemorrhage caused by an ectopic pregnancy. They turned their attention to tracking down those they suspected were responsible for the stories.
According to Global Voices Online, Guo posted an interview with Yan’s mother in which she repeated the claims and accused local authorities of a cover-up.
An employee at Mawei police station told the Guardian: “These cases are in the process of investigation. We are not in charge of the case so we can’t tell you more. We will release information if there is progress.”
The case is testament both to the growing ability of Chinese citizens to share information through the internet, and to the restrictions on those who do.
In a recent, unpublished interview with the Guardian over the government’s Green Dam censorship programme, Guo said: “The significance of internet in China is huge. It can’t change the current situation in China right away, but it has deeply influenced China. Through the internet, Chinese society has become more and more diverse, and more importantly many people who are unaware of the truth have started to hear different voices.”
Guo, who described himself on Twitter as “a trouble maker in Amoy [Xiamen], living with character sales”, is reportedly a professional interpreter. His two calls for help were in English, although he generally uses Chinese.
He often blogs and tweets about news, current affairs and internet censorship, frequently with a satirical tinge, and has more than 1,500 Twitter followers. A message posted several hours before his pleas read: “Peter Guo, one of the twitterers in China, originally from the Fujian countryside, not a famous blogger; people called him amoiist, good character, young, handsome.”
Liu Xiaoyuan, who represents another detained blogger, You Jingyou, said lawyers had been told they could not meet their clients because the case involved “state secrets”.
Liu’s client wrote his power of attorney in advance because he feared he might be the next to be detained. Another man who was away when police visited his home yesterday told Liu he believed they planned to detain him.
The lawyer said: “I do not know why exactly [You] was detained. Whether it is because he wrote something or he spread something or planned something is still unknown. But from the police we know it was connected to the Yan Xiaoling case.”
He said bloggers had been held more frequently in the last two years. “I think it is because the internet’s power is getting bigger and bigger and the internet uncovers many issues so the authorities get more pressure.”
Another lawyer told the Xinkuaibao newspaper that if officials had been libelled they should sue the bloggers involved rather than launching a criminal case. “We can tell that the local officials haven’t caught up with the need for the development of open information and the internet. They have not adapted to it and feel it is a big deal if some bad information appears on the net.”
Twitter is blocked in China but many on the mainland still tweet through a variety of means.
