The company has been recognised as a 'National Key Enterprise' in the power transmission and equipment distribution industry. Ping An Trust Investment Co. Ltd has become its controlling shareholder, which has improved the company's management and lowered its costs. The company is planning a private placement of A-shares, which will improve its performance dramatically.

Nevertheless, the stock price has fallen tremendously, prompting investors to pay close attention to.


Source: Shanghai Securities News

Date: 20 Jun 2008

CN01/MZ/BT/MM