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the molybdenum mine that they own 38% is the biggest molybdenum mine in ASIA
yeah it is true.. the company listed on the NASDAQ more than 10 years... they are changing the sector from telecommunication to mining.. this is the transition period.
Certainly good to see them in the same breath as Lynas...
Do you believe XING's financial statements are truthful. XING may be the most little rare earth company out there...
report news out.. the biggest mining company molybdenum, gold, copper, zinc..
http://www.marketwatch.com/story/chinese-and-australian-rare-earth-explorers-navigate-controversy-2011-07-26?reflink=MW_news_stmp
I see Shah Capital Management is the top holder. Any views on them. I temporary sold this for a 25% gain because of my fears of Chinese cooked books scandals, not that this is one...
XING will be the stock of the week..
http://suprastock.blogspot.com/2011/07/best-performing-us-stocks-for-week.html
OK Whatever
Yep, they obviously want bigger stakes in the US COs
I was thinking about all the Chinese RM stocks that have been halted, sent the whole sector down.
Chinese have been shorting their own stks for control
No relevance imo
Agree, not only has the sector been down but Chinese stocks have taken a beating as well.
@webbhk
David M Webb
Real Gold, XING, QXM and Prod-Art: What has Wu Ruilin, the controlling shareholder of Real Gold Mining, been up ... http://bit.ly/lUMUoN
20 Jun via twitterfeed
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too late I am already in! :)
Wu is chairman of XING and controlling shareholder of Real Gold there is your answer
Thx, but don't buy it; the sector has like ree has been down from their highs as well
I will do my best since I am not familiar with the matter yet really. The deline in the price of XING was some how related to a deal made or something to do with a scandal involving XING and Real gold.
Real gold is apparently working to be able to trade again it is temporarily halted.
There is some realationship between Mr. Wu Ceo or owner of XING and realgold.
I am not sure of the exact ramifications or how this will affect XING other than it can not hurt.
If there is a stake or involvement with a goldminer and XING the future looks very good.
I will seee what else I Can find out and get back to you.
You might also ask the XING yahoo board they were the ones that first released the news.
Hope this helps,
J
Explain relevance
anyone following this
00246.HK REALGOLD MINING just hired a third party to audit its fincial reports and is contacting with Hongkong stock exchange to resume the trading
Just came off the yahoo boards supposedly from yahoo china.
GLTA
Nice, there was mention of an acquisition but can't find details
Yep, more acquisitions
xing coming off the bottom nicely tomorrow should be another green day Im In....
Lets get some news to boost this baby 2.00 +
http://stockcharts.com/h-sc/ui?s=XING&p=D&b=7&g=0&id=p56386242349
Pretty powerful day considering the rest of the market is getting creamed.
Gonna be a nice ride back to 3+
XING on yahoo bullish board http://finance.yahoo.com/
GLTA
If the financials are on time by Friday July 15 2011 and they are positive as they should be then this could have a good move on it. Over 1 mil short could show some good action on top of any buyers!
I got in doing a little bottom fishing waiting for the REAL move to cash in!
JMVHO GLTA
i guess trading rage is the new road rage.
You don't hold this at this level, you lose..The answers to your questions are obvious if you dd..
never said i was bigtime......but keep attacking strangers. sounds fun.
I think you missed the run from the low 90s, right big time trader!!!
You need to stick with the subs..
wow. chill out dude. not my fault if you held. this is a board about the stock. not about whether or not you like that i pointed out why it is trading below cash by such a discount.
it is Necessary to bring up this point when looking for stocks trading below cash - which is why i am here. i may get in at $1.
i realize it does not effect the stk, just makes it a bs board, follow the sector..you said the same thing many times..give it a rest.
im not bashing. im saying THAT is what is being factored in. have you not seen the population of Chinese stock scams on the NASD? higher than any other nation by far. they don't play by the rules.
THAT is why they are trading at such a discount to cash. can't explain such an inefficient market otherwise.
what is your explanation for why they trade at such low levels to cash per share? Why not come in and buy the company out for $2 and just take the cash and close shop?
it is almost liquid enough to take THAT big of a position for a fund.
my "bashing" (hahaha) does not effect this stock either way. i was in at 1.4 and was lucky enough to get stopped out at 1.38 or else i would have had my butt handed to me on a platter.
fraud alert, where do you come up with that crap, buy the stk or don't but don't start as a basher. REE and the sector is down 50+ %
if they weren't chinese.......and if financials were verifiable.....then it would be higher.
for now.....i think it is on fraud alert as not many stocks trade at a 80% discount to CASH value for so long
$5+ per share, if these guys diversify out of China into us/canada it is a 10 stk
There is news for the sub QXM fiancials.
Xing and QXM appear to be sitting on a ton of cash on the books.
I got in cheap will sit and wait this out!
JMVVHO
Qiao Xing Universal Resources, Inc. (Nasdaq: XING or the "Company"), a leading company in the molybdenum mining business as well as a company with substantial assets in the resources industry, today announced that the Company will file a Form 12b-25 Extension for the filing of its Annual Report on Form 20-F for the year ended December 31, 2010.
XING is requesting an extension because the Company was unable to file its 2010 Form 20-F by the initial filing deadline of June 30, 2011. On January 8, 2011, the Company completed the acquisition of the 100% equity interest in Chifeng Xinyuan Mining Co., Ltd. The acquisition required an extraordinary amount of time and effort by the Company's management. Accordingly, the Company's management has been unable to devote the time and effort necessary to complete the preparation of the Form 20-F and the audited financial statements of the Company for the fiscal year ended December 31, 2010 by the filing deadline. The Company anticipates that the Form 20-F will be filed on or before July 15, 2011.
About Qiao Xing Universal Resources, Inc.
Qiao Xing Universal Resources, Inc. is a leading company in the molybdenum mining industry with substantial assets in the resources industry. XING focuses on mining and processing strategically important base-metal ores including molybdenum, copper, lead and zinc. XING currently owns a 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd. and a 34.53% equity interest in Chifeng Aolunhua Mining Co., Ltd, as well as the right to receive 100% of the expected economic residual returns from Chifeng Haozhou Mining Co., Ltd.
XING was one of the first Chinese companies to be listed on NASDAQ (in 1999) as one of the leading companies in the telecommunication-terminal product business in China. In 2007, XING made the strategic decision to diversify into the resources industry. Since then, XING has made several acquisitions in the resources industry and divested its fixed-line and budget mobile phone businesses. XING is now working to divest its remaining mobile-phone business to become a pure-play resources company. To reflect this change, XING changed its corporate name to Qiao Xing Universal Resources, Inc., effective January 28, 2010. XING believes that it is well positioned to optimize the operation of its mining business as well to increase its presence in the resources industry in 2011 and beyond.
Looked some more and I see it's a mining company now. A mining company with 1/2 billion in cash and only a market cap of 100 million... Seems like it's a no brainer to pick a little up here...
Not sure why I looked at this, but notice its at an historical low here...
I'm not able to send a private reply. Just go to
their website and click on "shareholder update call."
I know of the CEO and Richmont Holdings as I live in
Dallas. And yes, they are for real. Not your common
pump & bump pinkland stock. Back in the '80s, this CEO
made Drew Pearson rich after he retired from the Dallas
Cowboys as Pearson started a sportwear company. It will
go over a dollar Jun. 30, when the merger conditions
come out in a news release. Sorry I couldn't send you
this privately. They will not be a pink stock too much
longer.
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Qiao Xing Universal Resources, Inc. (Qiao Xing) is engaged in the sale of molybdenum concentrates in the People's Republic of China. It operates in two business segments: mobile phones and mining. The subsidiaries and equity joint ventures of the Company include Qiao Xing Mobile Communication Co., Ltd. (QXMC); China Luxuriance Jade Company Ltd (CLJC); Hui Zhou Qiao Xing Communication Industry Limited (QXCI); Hui Zhou Qiao Xing Property Limited (QXPL); Chifeng Sanchuan Mining Co., Ltd. (CSMC); Huizhou Taiherui Information Technology Co., Ltd (Taiherui); Chifeng Zhongtai Mining Company Ltd (Zhongtai); Chifeng Haozhou Mining Company Ltd (Haozhou) and Beijing VEVA Technology Co., Ltd.
Home - Corporate Governance -Managment of Resource Business | |
Liu Zhe Position: General Manager and General Engineer, Smelting Education: Working experience: | |
Kang Jianguo Age: 52 | |
Li Jinliang Age: 52 Education: Working Experience: | |
Wang Huanwu | |
Sun Xueshi Age: 42 Position: Senior Engineer, Mining Education: Working Experience: | |
Luo Yinhua Age: 43 Position: Deputy General Engineer, Smelting Education: Working Experience: |
HUIZHOU, China, Dec. 29, 2010 /PRNewswire-Asia-FirstCall/ --
Qiao Xing Universal Resources, Inc. (Nasdaq: XING, the "Company" or "XING"), an emerging Chinese resource company with a focus on several strategically important nonferrous metals such as molybdenum and copper, today announced that it has posted some pictures taken from its newly acquired Xinyuan Lead-zinc-copper Minein Chifeng city of the Inner Mongolia Autonomous Region on its website. Investors can click the link below to see the pictures:
http://www.cosun-xing.com/contact/lzc-01.asp
The Company also expects to launch a new website early in January to replace the existing one to reflect the Company's focus in the recourses industry.
"We are making continuous efforts to enhance our transparency and improve communications with investors to convey the exciting developments within our Company. As part of these efforts, we are also considering an on-site visit in the Spring of 2011 in Chifeng, where most of our mining businesses are located", commented Mr. Ruilin Wu , Chairman and Chief Executive Officer of XING."We look forward to providing accurate and consistent updates about our business to the investor community in the quarters ahead."
About Qiao Xing Universal Resources, Inc.
The Company is an emerging Chinese resources company, with a focus on several strategically important nonferrous metals such as molybdenum and copper. In April 2009, the Company acquired a 100% equity interest in China Luxuriance Jade Company, Ltd. ("CLJC"). CLJC, through its wholly owned Chinese subsidiaries, owns the rights to receive the expected residual returns from Chifeng Haozhou Mining Co., Ltd. ("Haozhou Mining"), a large copper-molybdenum poly-metallic mining company in Inner Mongolia,China. XING's Hazhou Molybdenum Mine business started operation in July 2009 and generated net income of RMB64.2 million (US$9.4 million) in the second half of 2009. Based on the initial success of the Company's molybdenum business as well as an extensive study of China's macro economic trends, XING, is further consolidating its strategy to become a pure resources company with meaningful scale. As a result of implementing this strategy, in December 2010, the Company acquired the 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd. ("Xinyuan") .Xinyuan owns a mining license for a lead-zinc-copper mine that covers 3.3233 square kilometres in Wulandaba Suma, Balinzuo Banner, in the Inner Mongolia, China (the "Xinyuan Lead-zinc-copper Mine"). The Xinyuan Lead-zinc-copper Mine, which started operation inMarch 2010, expects to increase its processing capacity up to 2,000 tons of ores per day by the middle of 2011and expects to generate revenue of RMB430 million, operating profit (EBITDA) of RMB180 million and net cash flow of over RMB100 million in 2012. The Company is actively evaluating additional acquisition opportunities in the resources industry.
XING, one of the first Chinese private companies to be listed on NASDAQ in 1999, was previously one of the leading players in the telecommunication terminal products business in China. In 2007, the Company made the strategic decision to diversify into the resources industry. As part of this strategic transition, XING divested its fixed line and low-end mobile phone businesses in November 2009 and changed its corporate name to Qiao Xing Universal Resources, Inc., effective January 28, 2010. On September 8, 2010, XINGannounced its proposal to privatize QXMC by acquiring the shares it does not already hold through a Scheme of Arrangement (the "Proposed Offer"), with the intention to spin off QXMC's mobile phone assets or business and redeploy its assets into the resources industry. This proposed acquisition is on-going and its completion shall be subject to several conditions including approval from a majority of the minority shareholders of QXMC.
http://www.cosun-xing.com/images/ph4.png
Safe Harbor Statement
This press release contains forward-looking statements that involve risks and uncertainties. These include statements about our expectations, plans, objectives, assumptions or future events. In some cases, you can identify forward-looking statements by terminology such as "anticipate," "estimate," "plans," "potential," "projects," "continuing," "ongoing," "expects," "management believes," "we believe," "we intend" and similar expressions. These statements involve estimates, assumptions and uncertainties that could cause actual results to differ materially from those expressed. You should not place undue reliance on these forward-looking statements.
Forward-looking statements include all statements other than statements of historical facts, such as statements regarding anticipated acquisitions, estimates of revenue and profit, the privatization of QXMC, time and date for the expected Court Hearing with respect to the proposed privatization of QXMC, anticipated mining capacity and production volumes, long-term growth prospects for the resources industry, the Company and value for the Company's shareholders, mine development and capital expenditures, mine production and development plans, estimates of proven and probable reserves and other mineralized material and the Company's transition to a pure resources company and bigger player within the resources industry., Readers are cautioned that forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected, anticipated or assumed in the forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Information regarding these factors is included in our filings with the Securities and Exchange Commission. Qiao Xing Universal Resources, Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release is as of December 29, 2010.
Additional Information and Where to Find It
Qiao Xing Universal Resources, Inc. has filed a Schedule 13E-3 with the SEC in connection with the Proposed Offer. The Schedule 13E-3 contains additional information regarding the Proposed Offer, including, without limitation, information regarding the special meeting of shareholders of Qiao Xing Mobile Communication Co., Ltd that will be called to consider the Proposed Offer. The Schedule 13E-3 contains important information about Qiao Xing Universal Resources, Inc., Qiao Xing Mobile Communication Co., Ltd, the Proposed Offer and related matters. Investors and shareholders should read the Schedule 13E-3 and the other documents filed with the SEC in connection with the Proposed Offer carefully before they make any decision with respect to the Proposed Offer. A copy of the Scheme of Arrangement with respect to the Proposed Offer is an exhibit to the Schedule 13E-3. The Proposed Offer is expected to be exempt from the registration requirements of the United States Securities Act of 1933 Act by virtue of the exemption provided by Section 3(a)(10); however, it is possible that the offer may change forms such that the exemption provided by Section 3(a)(10) may no longer be available. In such a case Qiao Xing Universal Resources, Inc. may file a Form F-4 with respect to the Proposed Offer.
The Schedule 13E-3 and all other documents filed with the SEC in connection with the Proposed Offer is available free of charge at the SEC's web site at www.sec.gov. Additionally, the Schedule 13E-3 and all other documents filed with the SEC in connection with the Proposed Offer will be made available to investors or shareholders free of charge by calling or writing to:
Qiao Xing Universal Resources | |
Rick Xiao | |
Vice President | |
Phone: +86-752-282-0268 | |
Email: rick@qiaoxing.com | |
USA IR AGENCY | |
,CCG Investor Relations Inc. | |
Mr. Ed Job, CFA | |
Phone: +86-1381-699-7314 (Shanghai) | |
Email: ed.job@ccgir.com |
Qiao Xing Universal Resources, Inc NASDAQ:XING recently announced on 14th of January the launch of its new website http://www.cosun-xing.com. This web facility depicts clearly Company’s focus on the molybdenum-mining business as well as its growing scale in the resources industry.
Company has provided in the website a comprehensive overview of its resources operations, as well as an extensive gallery of photos of its molybdenum and lead-zinc-copper mining operating businesses. The site is also equipped with the most up-to-date corporate profile and investor presentation as well as a dedicated section focused on the newly acquired Aolunhua Copper-molybdenum Mine, one of the largest open-pit molybdenum mines in Asia.
Qiao Xing Universal Resources, Inc. (Qiao Xing) is principally engaged the sale of telecommunication terminals and equipment, including cord and cordless telephone sets, in the People’s Republic of China; the production and sale of mobile phones and accessories in the People’s Republic of China, and the production and sale of molybdenum concentrates in the People’s Republic of China. It operates in two business segments: mobile phones and mining. The subsidiaries and equity joint ventures of the Company include Qiao Xing Mobile Communication Co., Ltd. (QXMC); China Luxuriance Jade Company Ltd (CLJC); Hui Zhou Qiao Xing Communication Industry Limited (QXCI); Hui Zhou Qiao Xing Property Limited (QXPL); Chifeng Sanchuan Mining Co., Ltd. (CSMC); Huizhou Taiherui Information Technology Co., Ltd (Taiherui); Chifeng Zhongtai Mining Company Ltd (Zhongtai); Chifeng Haozhou Mining Company Ltd (Haozhou) and Beijing VEVA Technology Co., Ltd.
Qiao Xing Universal Resources, Inc. is a leading player in the molybdenum-mining industry with meaningful size in the resources industry. XING focuses on mining and processing rare metal ores and several strategically important base-metal ores, including molybdenum, copper, lead and zinc. The Company currently owns a 100% equity interest in Balinzuo Banner Xinyuan Mining Co., Ltd. and a 34.53% equity interest in Chifeng Aolunhua Mining Co., Ltd, as well as the right to receive 100% of the expected economic residual returns from Chifeng Haozhou Mining Co., Ltd. |
XING was one of the first Chinese companies to be listed on NASDAQ (in 1999) as one of the leading players in the telecommunication-terminal product business in China. In 2007, the Company made the strategic decision to diversify into the resources industry. Since then, the Company has made several acquisitions in the resources industry and divested its fixed-line and budget mobile phone businesses. To reflect this change, the Company changed its corporate name to Qiao Xing Universal Resources, Inc., effective January 28, 2010.
The Company continues to evaluate acquisition opportunities in the resources area to strengthen its foothold in the industry. At the same time, XING is also working to divest its remaining mobile-phone business through the proposed privatization of its QXMC subsidiary, or via other alternatives, to become a pure-play resources company. | |
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