The company plans to take part in a private placement with Mindong Electric (Group) Co. Ltd. As uncertainties persist, an unusual price movement is expected.

Investment Highlights: The company ranks fourth in total import and export volume in Fujian Province. In the electronic components sector, the company ranks third in annual output and sales volume of FBT products.

In addition, it is engaged in the production and sale of automobile ignition coils and environmental protection products. As for the consumer electronics sector, the company has accelerated the pace of its development of a number of new products, including super-thin CRT, high-definition colour and flat-panel TV sets. It has also established cooperative relationships with CPTF Optronics Co. Ltd for the production and distribution of GSM mobile phones.

Risk warning: Owing to rising global energy prices, prices for raw materials have increased dramatically, thus causing the company's operational costs to jump in parallel.


Source: www.topcj.com

Date: 20 Jun 2008

CN01/MZ/BT/MM