chinaman711
06-29-2006, 09:29 AM
Like i said this is just the beginning for XING : I hope they don't put out the earnings before the open as i want just a few more shares. Good luck from China.
[June 28, 2006]
Qiaoxing's Ambition
(China IT Watch Via Thomson Dialog NewsEdge) BEIJING, Jun 28, 2006 (SinoCast China IT Watch via COMTEX) --On June 25, Qiaoxing Group released 25 new cell phone products in Huizhou and announced the take-off of its telecom sector.
Wu Zhizhong, the president of Qiaoxing Group told China News Daily that in 2006, the group would list three companies in overseas markets. Besides, it would launch two cell phone brands and make itself the leader in phone industry.
"Qiaoxing is quite familiar with American investors." As revealed by Wu Ruilin.
CECT, one company under Qiaoxing, is already prepared for overseas listing. It is now choosing between two markets: Nasdaq stock market and New York stock market, but it is more likely to list in New York stock markets.
Sources say that a cell phone R&D company under Qiaoxing will also go public in the United States at the end of this year. Wu did not reveal the name of the company. But he pointed out that American investors were very optimistic about Qiaoxing's future. On June 14, Qiaoxing Universal (Xing) was commented as the biggest Wednesday winner in Nasdaq markets by Wall Street media. Its stock price continued to rise for consecutive five years even though the whole market was listless. It ranked among the first two in China concept stocks, with its highest growth reaching 16.64%.
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Qiaoxing now has six cell phone designing companies in China. Industry insiders pointed out that the one which was going to go public overseas should be Qiaoxing Shanghai R&D company, since it was one of the earliest companies engaged in cell phone R&D, and at the same time, it was one of the few companies who had abilities to develop chips for cell phones. Meanwhile, the company could provide a complete set of services including out-appearance designing, structure designing, hardware designing, software MMI, and related after-sale services. At present, the company can not only develop GSM/GPRS cell phones but also manufacture and sell cell phones. Wu Ruiling also revealed last March that the company would go public in the United States.
Wu did not comment on this view. He only disclosed that Shanghai R&D Company had independent legal person status and Qiaoling was only an investor with 75% shares of the company. Therefore, capital operation would be conducted by the management of the company.
It is said that there were over 22 companies having legal person status in Qiaoxing Group.
Wu Zhizhong said that CECT targeted at middle and high-end cell phone markets, while COSUN targeted at low-end markets. In future, COSUN would make Chinese market, overseas market and carrier market its three major markets. At the beginning of this year, Qiaoxing obtained cell phone orders worth USD 35 million from foreign telecom carriers. As a group ambitioned at international markets, it already set up branches in India, Europe and South America, etc, and registered the trademark "COSUN" in over 40 countries.
Sources say that beside 2G, Qiaoxing also make 3G market its chief target in future. Recently, Qiaoxing launched deep- level cooperation with a major 3G chip designing company, and planned to invest over CNY 100 million in developing video encode and decode chip and 3G stream media cell phones.
From dycj.ynet.com, Page 1, Tuesday, June 27, 2006
info@SinoCast.com
[June 28, 2006]
Qiaoxing's Ambition
(China IT Watch Via Thomson Dialog NewsEdge) BEIJING, Jun 28, 2006 (SinoCast China IT Watch via COMTEX) --On June 25, Qiaoxing Group released 25 new cell phone products in Huizhou and announced the take-off of its telecom sector.
Wu Zhizhong, the president of Qiaoxing Group told China News Daily that in 2006, the group would list three companies in overseas markets. Besides, it would launch two cell phone brands and make itself the leader in phone industry.
"Qiaoxing is quite familiar with American investors." As revealed by Wu Ruilin.
CECT, one company under Qiaoxing, is already prepared for overseas listing. It is now choosing between two markets: Nasdaq stock market and New York stock market, but it is more likely to list in New York stock markets.
Sources say that a cell phone R&D company under Qiaoxing will also go public in the United States at the end of this year. Wu did not reveal the name of the company. But he pointed out that American investors were very optimistic about Qiaoxing's future. On June 14, Qiaoxing Universal (Xing) was commented as the biggest Wednesday winner in Nasdaq markets by Wall Street media. Its stock price continued to rise for consecutive five years even though the whole market was listless. It ranked among the first two in China concept stocks, with its highest growth reaching 16.64%.
Click here to learn more about e911 and its impact on VoIP
Click Here to Learn How You Can Profit from IP Communications. Live, in Person at INTERNET TELEPHONY Conference & EXPO West 2006 in San Diego.
See Live Demos of Today's Most Useful Enterprise and Service Provider IP Solutions at the World's Only IP Communications Demo Event. August 8-10 in Santa Clara.
Get Your IMS Education from The Expert Team at INTERNET TELEPHONY Magazine and TMCnet. This Fall in San Diego at IMS Expo.
Qiaoxing now has six cell phone designing companies in China. Industry insiders pointed out that the one which was going to go public overseas should be Qiaoxing Shanghai R&D company, since it was one of the earliest companies engaged in cell phone R&D, and at the same time, it was one of the few companies who had abilities to develop chips for cell phones. Meanwhile, the company could provide a complete set of services including out-appearance designing, structure designing, hardware designing, software MMI, and related after-sale services. At present, the company can not only develop GSM/GPRS cell phones but also manufacture and sell cell phones. Wu Ruiling also revealed last March that the company would go public in the United States.
Wu did not comment on this view. He only disclosed that Shanghai R&D Company had independent legal person status and Qiaoling was only an investor with 75% shares of the company. Therefore, capital operation would be conducted by the management of the company.
It is said that there were over 22 companies having legal person status in Qiaoxing Group.
Wu Zhizhong said that CECT targeted at middle and high-end cell phone markets, while COSUN targeted at low-end markets. In future, COSUN would make Chinese market, overseas market and carrier market its three major markets. At the beginning of this year, Qiaoxing obtained cell phone orders worth USD 35 million from foreign telecom carriers. As a group ambitioned at international markets, it already set up branches in India, Europe and South America, etc, and registered the trademark "COSUN" in over 40 countries.
Sources say that beside 2G, Qiaoxing also make 3G market its chief target in future. Recently, Qiaoxing launched deep- level cooperation with a major 3G chip designing company, and planned to invest over CNY 100 million in developing video encode and decode chip and 3G stream media cell phones.
From dycj.ynet.com, Page 1, Tuesday, June 27, 2006
info@SinoCast.com