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Thursday, October 11, 2007

Jinshan software listed by the anonymous report overnight

Sina technology - September 27, according to Hong Kong media reports, the Hong Kong Stock Exchange this week and part of the media received an anonymous letter, questioned Jinshan prospectus accounts software problems. It is learned that at present in the Listing Division of HKEx follow-up investigation, but will not affect the normal prospectus Jinshan procedures.

Generally speaking, new companies listed officially began in the former almost always encountered similar report, the Hong Kong-listed Branch Upon receipt of the report will also conduct a survey to the relevant companies further information, such as the requirement to provide additional supplementary information. But rarely reported and therefore postponed listed companies.

Jinshan on the 23rd of this month in Hong Kong started offering procedures and institutional investors was 2.5 times subscribed. In accordance with previous plans, the largest listed Jinshan this fund raising 768 million Hong Kong dollars in the October 9 officially listed on the SEHK.

According to the prospectus disclosure Jinshan revealed that the company’s 2004 net profit at 378 million in 2005 and increased to 35.66 million yuan, 99.52 million yuan for 2006, the first quarter of 2007 to 32.71 million yuan, after one of the Jinshan listed underwriters Lehman Brothers forecast earnings of a year Jinshan .39 billion.

Jinshan is the first major shareholders of the company, chairman Qiu Bojun, holding 25.48%; Legend Holdings and the Singapore government investment company Temasek holdings were 11.73% and 20.73%; Hongyuan Intel and the new venture will each own 4.15%. (Shanxi)

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