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TSTC was that offering 1.6 mill shares or 160 mill shares wow almost 5 mill shares traded since offering days ago seems insanity driven & smells like CCME shorts did doubling down when they s/b covering
TSTC great points but TSTC has never done an offering since going public in 2004 & needs money because of exploding sales up 100% last year & 80%+ this year. Their proprietary products are just starting to really gain major traction & looking at a very early deployment of their WFDS based systems with multiple year growth. I guess time will tell but with over allotment assured looking at todays volume netting over 21 mill $$$ & 9 Mill in cash already gives them 30 Mill + $44 Mill LOC I wonder what they see & know to need that much capital ???
CCCL very low vol today $7.52 ? cheap growth
TSTC actually a very positive sign as Vol has been very high since earnings I still think this goes way higher sooner rather then later GLTA & make $$$$$$
Also gotta believe the 1.1 mill Shorts would be taking advantage of this vol & price action to cover expect big drop in 2 weeks report ....
TSTC did you use adjusted net income or with Non cash warrant $$$ from 1rst Qtr ? cause I have little over 15 mill 1rst 9 months & expect at least 15 mill $$$ for 4th Qtr so net we are the same just curious
TSTC spoke to Mattio about it after earnings CC & he agreed spoke again 5 days later & says management is now looking at 4th Qtr guidance & if materially too low will update wink wink imo .. see it next week imo....Net Income Guidance raise to at least 28 mill $$$$
TSTC wow traded the 1.6 mill shares in 32 minutes
TSTC massive vol will trade the entire offering this A.M.
TSTC agreed That is exactly what should have happened & certainly would have been able to do a larger offering at far better prices ... Freakin IDIOTS... only saving grace a tiny offering 1.7 mill shares but still IDIOTS....
TSTC wondering if they are just updating shelf from March or offering will be done ??? makes no sense with 44 mill $$$ line of credit & not $1 used on it
I guess he uses Yahoo for financial info LOL.... Trailing 4 Qtr's has over 20 Mill $$$ in Net Income or current P/E of 7X's
do you see a theme here LOL...
http://www.fool.com/author/1639/index.aspx?source=iapsitlnk0000003
NEWN Rev Shark buying this A.M....
Gaps Down After a Strong Finish Present Major Challenges
By Rev Shark
RealMoney.com Contributor
11/23/2010 10:49 AM EST
The dip buyers were turned back on their first try, but a fair amount of stocks are bouncing back from the weak close. Netflix (NFLX - commentary - Trade Now) and Coinstar (CSTR - commentary - Trade Now), for example, are in the green. Breadth is very poor with about 700 gainers to 4400 decliners. Gold is bucking the trend despite the strong dollar, which is weighing on oil, steel and other commodities. Banks continue to act very poorly, but technology stocks are showing a little relative strength, which is going to be the key to a market turn.
These gap downs after a strong finish present some major challenges. You have to be disciplined and honor stops. on the other hand, however, the dip buyers have consistently jumped in, so you don't want to panic sell into weakness.
I've taken a few stops, but I'm looking for buys New Energy Systems. (NEWN - commentary - Trade Now), which is one of my favorites, is acting quite well today and is trying to move through 8 resistance on very good early volume. Gold Resource (GORO - commentary - Trade Now)and Golden Minerals (AUMN:Amex) are high momentum mining plays that are acting well, and I have my eye on Magnum Hunter (MHR - commentary - Trade Now), which I want to add over 6.05 or so.
Long CSTR, NEWN, GORO, AUMN and MHR but positions will change at any time.
NOAH just keeps cranking $18.50's
CGA China Green Agriculture retains Ernst & Young to assist with internal auditing and Sarbanes-Oxley compliance (8.20 0.00)
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CCCL just seems once these offerings lift they really go & CCCL has super cheap fundies to fuel it higher & again no one has even factored in the growth numbers via this expansion of capacity.... Heck this was $9.50 after earnings & Remember they HAVE all the money now they need to complete so no more offerings....
CCCL offering priced Fri YUII went $7's to $10's & CCCL dirt cheap not factoring in expansion numbers...
PEK fairly new ETF anyone look at it ? The investment seeks to replicate as closely as possible the price and yield performance of the CSI 300 Index. The Fund does not invest directly in China A-shares, but intends to gain exposure to the China A-share market by investing in swaps that are linked to the performance of China A-shares. AnThe index is comprised of China A-shares. The A-share market in the Peopleâ??s Republic of China is available to domestic PRC investors and certain foreign investors who have been approved as a Qualified Foreign Institutional Investor (â??QFIIâ?) and obtained a QFII license. It is non-diversified. View More
No you clearly pointed out my statement Years & Years & claimed I was wrong ??? was I NO ... I'm not sure if I offended you in some way or you are just a TSTC hater which is fine as we are entitled to our opinion .... I have been alerting TSTC since $9.50 a share & up a ton of $$$$ wish you had participated but either way wish you well & hope you make lots of $$$$ in what ever you invest in ... TSTC seems not to be for you & that's just fine as we all must be in charge of our own investment decisions.... If you have 50% to 100% winners don't forget to share with us.... GLTY & make $$$$$$$$$
Funny you keep knocking TSTC's audit firm & happens to be the same one for a Co. you seem to like BSPM .... FYI Mazars CPA did TSTC's audit for 2007, 2008 and 2009 as I stated earlier & will do 2010 as well = Years & Years.... GLTY & make $$$$$$$$$$$$
Point is Mazars CPA did do their Audits for 2007, 2008 and 2009 like I originally stated....
TSTC sure about that ??? Report of Independent Registered Public Accounting Firm
To the Audit Committee, Stockholders and Board of Directors
Telestone Technologies Corporation
We have audited the accompanying consolidated balance sheets of Telestone Technologies Corporation and its subsidiaries (the “Company”) as of December 31, 2008 and 2007, and the related consolidated statements of operations and other comprehensive income, changes in stockholders' equity and cash flows for each of the years then ended. These consolidated financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing auditing procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. Our audits also included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2008 and 2007, and the results of its operations and its cash flows for each of the years then ended in conformity with accounting principles generally accepted in the United States of America.
Mazars CPA Limited
Certified Public Accountants
Hong Kong
Date: March 31, 2009
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D09%2D017560%2Etxt&FilePath=%5C2009%5C03%5C31%5C&CoName=TELESTONE+TECHNOLOGIES+CORP&FormType=10%2DK&RcvdDate=3%2F31%2F2009&pdf=
My list
TSTC
CCME
NEP
GFRE
CCCL
YONG
NOAH
DQ
TSTC I think this link will help explain it better then I can here you go ....
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D10%2D049183%2Etxt&FilePath=%5C2010%5C09%5C14%5C&CoName=TELESTONE+TECHNOLOGIES+CORP&FormType=8%2DK&RcvdDate=9%2F14%2F2010&pdf=
Quell is not 1 guy BTW as I spoke to the project field manager & sorry didn't take notes ..But if correct they plug modules into WFDS to make AT&T GSM type wireless work & CDMA etc.. as each one requires being put online so to speak & all can go into 1 WFDS system instead of each type setting up their own system repeating redundancy over & over.... Quell stated that in actuality TSTC's system is more cost effective then conventional systems & faster & easier to install....
TSTC the build out requires all the major wireless telecoms to be added for proper coverage which in a non integrated system would require multiple units & far more repeaters etc... The TSTC solution allows all the majors to plug into their WFDS system in 1 unit...
I strongly suggest if you are interested in TSTC to call Quell they had really great info & were very easy to talk with....
Telestone's WFDS(TM) Technology Wins First U.S. Local Access Network Contract for a Houston-Based Hospital
Press Release Source: Telestone Technologies Corporation On Monday August 9, 2010, 11:07 am
BEIJING, Aug. 9 /PRNewswire-Asia/ -- Telestone Technologies Corporation ("Telestone" or the "Company") (Nasdaq: TSTC - News ), a leading developer and provider of telecommunications local access networks solutions in China, today announced that its Wireless Fiber Optic Distribution System (WFDS(TM)) has been selected as the local access network technology application for installation at a Houston hospital. The project will be installed by a U.S. firm, Quell Corporation, who won the contract after successfully demonstrating Telestone's WFDS(TM) functionality to the hospital and other major U.S. telecommunication companies.
Quell Corporation is a telecommunication engineering firm based in Houston that specializes in cellular network coverage systems for hospitals, governmental buildings and school systems. In September of 2008, Telestone Technologies selected Quell Corporation as an exclusive distributor for WFDS(TM) technologies to the customer base in the Houston area. The firm focuses on challenging installation sites where cellular connections are weak or overloaded in the outdoor environment and thus have reduced signal strength in indoor settings.
"We are very familiar with coverage issues affecting a number of major U.S. telecom companies in the 3G/4G era and know how to incorporate all these signals onto a WFDS(TM) system," began David Ballard, owner of Quell Corporation. "Particularly in hospitals where cellular signals are interrupted by superstructures and reinforced walls near radiation rooms and sensitive medical equipment, relying on outdoor repeaters and boosters to improve signal strength was not a viable option and an indoor solution was the best option for the location. After extensive review and testing by ourselves, in addition to visits to Telestone in China, we have been very impressed with the functionality of WFDS(TM). U.S. telecommunication companies also found value in WFDS(TM) and we are pleased to report that as a result of using a WFDS(TM) system, telecom companies have witnessed some of the highest signal strength recorded in a public building environment. We feel that WFDS(TM) has a unique advantage in installations and we are actively pursuing other project opportunities for WFDS(TM)."
The project is valued at $2.0 million and is scheduled for completion during the second half of 2010. Quell Corporation will purchase WFDS(TM) components from Telestone and work with local installation companies to install the system, according to their engineering plans. Based on the success of its initial contract and cooperation with Quell Corporation, Telestone has opened a U.S.-based subsidiary to further collaborate with Quell Corporation and other potential U.S. partners on future installation sites in the United States.
"We are pleased to secure our first project in the U.S. market, which we believe underscores the value of WFDS(TM) for users in several key vertical markets," stated Telestone Chairman and CEO, Han Daqing. "The U.S. market is part of our growth strategy and we pushed forward with the certification of our WFDS(TM) system by the FCC in September of 2009 for this reason. We intend to leverage the competitive advantages of WFDS(TM) technology to capture additional market share in challenging sites like hospitals while simultaneously expand our sales and marketing efforts to other installation sites in the U.S. market."
About Quell Corporation
Quell Corporation, Inc. is an engineering company providing access network solutions for indoor and outdoor applications and more specifically, WFDS(TM) systems in the U.S. market. The principals and operators of Quell Corporation have worked in the U.S. cellular market for 24 years, designing and engineering local access network systems tailored for indoor and outdoor environments. Quell Corporation is owned and operated by its principals and is headquartered in Houston, Texas.
About Telestone Technologies Corporation
Telestone is a leading innovator in local access network technologies and solutions. Telestone is a global company with 30 sales offices throughout China and a network of international branch offices and sales agents. For more than 10 years, Telestone has been installing radio-frequency based 1G and 2G systems throughout China for China's leading telecommunications companies. After intensive research on the demands of carriers in the 3G age, Telestone developed and commercialized its third generation technology for the local access network, WFDS(TM) (Wireless Fiber-Optics Distribution System), which provides a scalable, multi-access local access network solution for China's three cellular protocols. Telestone offers services that include project design, project manufacturing, installation, maintenance and after-sales support. Telestone Technologies has approximately 1,200 employees.
TSTC catches lots of A/R scorn & only if true to just TSTC I would agree the stench would be awful BUT we have 2 other public last mile installer/product producers that have the SAME EXACT DEAL... GRRF & Comba Telecom all 3 deal mostly with big 3 except Comba does more outside China then other 2 so their A/R's aren't quite as bad but sky high none the less...
Here is why Muddy Waters wont go after TSTC imo...
TSTC has been doing Biz with Big 3 over 13 Years !!! has always been paid according to contracts & has VETTED products by a combined 330 BILLION $$$ co.s in China but also Analysts and U.S.A FCC certified & approved.... I highly doubt TSTC would be able to tout China Mobile wins year after year for over a Decade if not true....
TSTC's Proprietary WFDS platform has garnered lots of attention from investors, telecom co.s & recently Cable TV co.s....
WFDS right now is the only compliant fiber optic based convergence piece of equipment that complies with China Govt Mandate for convergence of Wireless, Internet Broadband, Cable TV all in 1 Unit....
Quell I spoke to them 6 weeks ago as hospital project was just up & running & told me that wireless coverage was by far the highest readings consistently throughout the entire hospital ever garnered & AT&T & Verizon were very impressed... You can call yourself to verify....
Being that TSTC has been public for almost 7 Years & the A/R issue Always been there not new news to anyone I doubt anyone is going after TSTC also has Top 10 Auditor for years & years .....
TSTC nice IBD article on Telecom Infrastructure co.s BTW the #3 sector in IBD's 197 sectors ....
The Rising Tide Of The Smart-Phone Era
By REINHARDT KRAUSE, INVESTOR'S BUSINESS DAILY Posted 11/19/2010 04:54 PM ET
Featured Stocks
Investors learned a hard lesson when the technology bubble burst in 2000: Despite the blurred speed of Internet traffic growth, even an infrastructure-intensive sector like telecom could overspend.
Telecom infrastructure stocks were among the hardest-hit during the dot-com meltdown. But much has changed.
Many more people now access the Internet via smart phones and other mobile devices, rather than speedy, old fixed-line connections going into homes or offices. That ongoing shift to the wireless Web is reviving spending across the telecom infrastructure business.
A fisherman uses his cell phone near Chennai, India. Nearly every other Indian is expected to have a wireless phone by the end of this year. AP
A fisherman uses his cell phone near Chennai, India. Nearly every other Indian is expected to have a wireless phone by the end of this year. AP View Enlarged Image
This month, the telecom infrastructure group accelerated to a top-five ranking among industries tracked by IBD, up from 79th place three months ago.
While the wireless Web is a big growth engine, the fixed-line infrastructure business hasn't gone away.
Spending by phone and cable TV companies underwrites the industry. New fiber-optic and Internet-protocol (IP) technologies remain priorities. So does capital spending on mobile data networks, easily outpacing outlays on wireline infrastructure.
1. Business
Telecom companies whisk voice, data and video over fixed-line and wireless networks.
Infrastructure suppliers sell electronic chips, subsystems, switches, communications software and other stuff that sends traffic over networks.
Some infrastructure companies provide managed services or run clearinghouses that enable telecom companies to share customer or network data.
The Internet's arrival drove phone and cable TV companies to invest in speedier connections to homes and businesses. By 2000-01, too many companies had built fiber-optic networks to pipe Internet traffic over long distances. The capacity glut bankrupted dozens of telecom services providers. Contracts for infrastructure suppliers dried up as customers disappeared or cut back on capital spending for fixed-line networks.
Some analysts say such boom-and-bust cycles are intrinsic to the telecom business, although a downturn as sharp as in 2000-01 is unusual.
Major network upgrades, which create demand for new advanced technologies, are a key time to capitalize for infrastructure equipment and services suppliers. Network upgrades also give innovative startups a chance to win contracts and grab market share.
In much of the world, phone companies have been ramping up pay-TV services by replacing copper wiring with newer fiber-optic lines. The upside for infrastructure suppliers from telcos entering the video business is winding down, though.
The new buzz is all about the wireless data "tsunami" — the explosion in data traffic created by smart- phone usage.
In IBD's infrastructure group, most of the best-performing companies focus on wireless. Capital spending trends tell why.
In 2000, phone companies worldwide spent $87 billion on wireless networks and $180 billion on fixed-line networks, says UBS analyst Nikos Theodosopoulos. They'll spend $125.4 billion on wireless networks in 2010 vs. $83.7 billion on fixed-line networks, he estimates.
Wireless phone companies are upgrading their networks to expand data products and services.
In emerging markets, many wireless firms are still upgrading from voice-centric 2G networks to data-ready 3G networks. In the U.S., Japan, and parts of Europe, wireless firms are upgrading to a 4G technology called LTE.
Motricity (MOTR) in October signed a deal to provide Reliance Communications, India's second-biggest wireless firm, with mobile data services. With more than 100 million customers, Reliance is in the early stages of building out a 3G network.
Agricultural weather stations, like this one in Michigan, transmit over wireless networks and contribute to the surge in network data traffic. AP
• Name of the game: Identify telecom firms upgrading networks and capture their business.
Motricity Chief Executive Ryan Wuerch says his firm focuses on getting deals from wireless firms "committed to being an absolute leader in mobile data, that see mobile data services as transformational and being a core area of growth in their strategy."
2. Market
Smart phones are forcing wireless networks to become more complex, to handle an increasing array of mobile data services. In North America, smart-phone users generate about 86% of mobile data traffic, says Informa Telecoms & Media.
Text messaging is already old-school. Newer products for smart phones — downloaded software programs called "apps:" games, music, video and other content — are now the main drivers of data traffic.
In the U.S., 46% of mobile phones sold in the quarter ending Sept. 30 were smart phones, up from 22% two years earlier, says consumer market research firm NPD.
In emerging markets, wireless firms are selling lower-priced smart phones to drive data usage. In 2014, 26% of mobile phones worldwide will be smart phones, up from 12% in 2010, says Analysys Mason.
Early indications, meanwhile, are that subscribers to the faster, LTE-based services consume much more data than subscribers using 3G mobile phones.
"If you give consumers bandwidth, they will use it," said Deutsche Bank analyst Brian Modoff.
With data traffic exploding, wireless phone companies are buying up network gear to speed data delivery or add network capacity. They're also investing in software and services that manage data traffic, deliver apps to subscribers, and track customer data-consumption habits.
Wireless firms still handle most network operations in-house. But they're increasingly relying on third-party platforms to save time and lower costs.
They need to take advantage of outsourcing services to keep costs low," said John Bright, an analyst at Avondale Partners.
Infrastructure vendors such as NeuStar (NSR) and Neutral Tandem (TNDM) have stepped in with managed services that help telecom firms exchange network or customer data, he says.
3. Climate
The wireless data tsunami is in its early stages, say analysts. Mobile data traffic is growing globally at a pace 10 times faster than voice, says a study by Swedish gear maker Ericsson (ERIC).
Unlike the telecom meltdown in 2000-01, overcapacity is not an issue. In the U.S. and many other countries, there's a shortage of radio spectrum needed for broadband wireless services.
Wireless phone companies are rushing to add network capacity as data traffic surges. They're buying more radio antennas, network subsystems, and long-haul equipment from the likes of Powerwave Technologies (PWAV) and Ceragon Networks (CRNT).
Wireless phone companies are under pressure because data traffic volumes are growing faster than data revenue. Wireless firms want to avoid being just pipes that carry bits of data while Apple (AAPL) and Google (GOOG) rake in revenue.
Wireless firms aim to sell more apps and value-added services of their own, especially to corporations. If they're able to do that, analysts say infrastructure vendors that specialize in software and managed services could benefit.
Infrastructure vendors say they'll keep up with a fast-evolving market. "We (plan) to take our core service platform wherever mobile data services are going," said Motricity's Wuerch.
4. Technology
Wireless phone companies are targeting new areas, such as the machine-to-machine (M2M) market, to grow revenue.
Wireless firms aim to sell services that connect electrical meters in homes, medical devices, autos and industrial machines to mobile data networks.
Wireless firms also are targeting e-commerce and GPS location-based services. AT&T (T), Verizon Wireless (VZ) and T-Mobile U.S.A. are teaming to launch a mobile e-commerce network that lets consumers make retail purchases using smart phones with built-in payment tools instead of credit cards.
Infrastructure vendors, meanwhile, are making acquisitions to add product expertise in line with the strategic plans of their customers.
Sierra Wireless (SWIR) in March acquired France-based Wavecom, a maker of M2M modems. Novatel Wireless (NVTL) bought Enfora, an M2M gear maker, in early November.
M2M module revenue will hit $6.5 billion in 2014, up from $813 million in 2009, says research firm iSuppli.
5. Outlook
Takeover activity has been rife among fixed-line infrastructure firms, and analysts expect it to continue.
Fixed-line gear supplier Calix (CALX) in September acquired Occam Networks (OCNW), and Neutral Tandem has agreed to acquire Italy's Tinet.
Interactive Intelligence (ININ), which sells Internet calling systems to large companies, snapped up Global Software Services.
Private equity firms have also been on the prowl. Carlyle in October acquired CommScope (CTV), an infrastructure services provider, as well as mobile roaming services firm Syniverse (SVR).
While major network upgrade cycles are good news for infrastructure suppliers, the wireless industry's move to next-generation LTE technology may drag on for several years, analysts say.
Much of Europe may not upgrade to LTE until 2014 because wireless firms there are increasing the speeds of existing 3G networks.
• Upside: The arrival of 4G networks will enable wireless firms to offer new data products and services that boost demand for high-profit margin software or managed services from infrastructure suppliers.
CCCL just checked Grant Thornton Top 10 Auditor with all this talk had to go look Geez LOL....
CCCL moving up $7.90 nice YUII went from $7's to $10's on offering
CCCL 6K last few offerings went well YUII LIWA so what the heck lets try some....
TSTC nice reversal flushed all the weak hands out on the cheap at 5X's s/b a winner for weeks to come.... PR guiding net income higher in 1 to 2 weeks imo after speaking to IR...
Matt Hayden & HC international have not been their IR firm for a while But for whats it's worth I spoke to Ted Habberfield last week about RINO trying to get a little better insight as to the validity of Muddy Waters piece & he stated RINO was not forth coming with the information needed for HC to stay on had no opinion as to being fake ...
TSTC added a few K at $14.30 trading shares
poss news from China Govt Fri & many nervous quick flippers raising cash
CADC news this A.M. anyone thoughts hooking up with Bill $$$ co. ????
Nov. 18, 2010, 7:55 a.m. EST
China ACM and China Construction Sign Strategic Alliance LOI
BEIJING, Nov 18, 2010 (MARKETWIRE via COMTEX) -- China Advanced Construction Materials Group, Inc. /quotes/comstock/15*!cadc/quotes/nls/cadc (CADC 4.65, +0.36, +8.39%) ("China ACM"), a leading provider of ready-mix concrete and related technical services in China, today announced that China State Construction Engineering Corporation ("China Construction" or "CSCEC") (shanghai se:601668) and the Company have signed a strategic alliance letter of intent. With annual revenue of $38 billion, CSCEC is ranked number 187 in the Fortune Global 500 list of companies.
Under the terms of the agreement, China ACM will serve as the preferred provider of its eco-friendly ready-mix concrete and related engineering services to CSCEC's Second Engineering Bureau Division of its Third Construction Engineering Company Ltd. Both companies agree to "cooperate strategically in international and national markets, support each other and share resources so as to increase their competitiveness in the world construction market."
China ACM will also collaborate with and support CSCEC in the preparation of bids and proposals, provide access to its intellectual property and share capital resources to reduce capital requirements and increase cash flow.
"Signing a 'Strategic Cooperation Letter of Intent' with a major operating division of a company such as CSCEC, a globally ranked stated owned enterprise, holds great importance in China and enhances our leadership position with all existing and potential clients throughout the industry," said Jeremy Goodwin, China ACM president and chief financial officer. "This agreement provides a specific framework for cooperation to improve the competitiveness of both companies in China and worldwide -- across the board from high speed rail to real estate."
Mr. Xianfu Han, China ACM Chairman and Chief Executive Officer, said, "In Asia, market position and relationships are everything -- from which all good new business, sales and opportunities flow. Following our first commercial bank debt financings recently, this agreement is yet another historic milestone for China ACM, as we continue to strengthen our leadership position in the China infrastructure and concrete marketplace."
"We appreciate the CSCEC's trust and confidence, and are entirely confident this agreement will lead to increasing new business with and through CSCEC this year and beyond," Mr. Han added.
China ACM was contracted by CSCEC for ready-mix concrete related services on the prestigious CCTV Headquarters as well as the Beijing Olympics Water Cube. Photos and profiles of these and other noteworthy Company projects may be viewed at its new website, at http://www.china-acm.com/project-profiles.
China State Construction Engineering Corp., www.cscec.com.cn, raised $7.3 billion in its 2009 initial public offering, the world's largest IPO of 2009. CSCEC built the "Water Cube" swimming center for the Beijing Olympics. It is China's biggest builder of housing and also is known for such showcase projects as the futuristic state CCTV Headquarters and China's tallest skyscraper, the 1,614-foot-tall (492-meter-tall) Shanghai World Financial Center.
About China Construction China State Construction Engineering Corp. Ltd. ('China Construction' in short), formally established on December 10, 2007, was co-initiated by four top-500-global member enterprises: China State Construction Engineering Corp. (CSCEC), China National Petroleum Corporation (CNPC), Baosteel Group Corp. Ltd. and Sinochem Corporation.
China Construction inherited all the choice assets and culture of China State Construction Engineering Corp.(CSCEC), making it so far the most competitive building enterprise group in China, with a business scope ranging from housing construction, international building contracting to real estate development and investment, infrastructure construction and investment, prospecting and designing, etc.
Founded in 1982, CSCEC has been a backbone enterprise directly under the management of the central government. Starting as its core businesses of housing construction, international building contracting, property development, infrastructure construction and municipal survey and design, CSCEC has now become the largest building and real estate enterprise in China, as well as the top international contractor in China. CSCEC is an enterprise expanding itself without mass capital and sources from the government, but only through competition. And it is the only building enterprise holding three highest class qualification certificates in China. For more information, visit www.cscec.com.cn.
About China ACM China ACM is a leading producer of advanced, certified eco-friendly ready-mix concrete (RMC) and related technical services for large scale, high-speed rail (HSR) and other complex infrastructure projects. Leveraging its proprietary technology and value-add engineering services model, the Company has won work on numerous high profile projects including the 30,000 km China HSR expansion, the Olympic Stadium Bird's Nest, Beijing South Railway Station, Beijing International Airport, National Centre for Performing Arts, CCTV Headquarters, Beijing Yintai Building and U.S. and French embassies.
Founded in 2002, Beijing-based China ACM provides its materials and services through its network of fixed ready-mix concrete plants covering the Beijing metropolitan area. It also has technical services and preferred procurement agreements with other independently-owned plants across China. Additionally, the Company owns numerous portable plants deployed in various provinces across China. More information about the Company is available at www.china-acm.com.
Well their recent earnings report finally showed significant growth & expanding biz into many new locations so should see Rev's accelerate & yes I see stuck IPOers will sell any where near $8 but like OINK if it gets through could have few more bucks in it.... At $6 worth putting on some for me as again I love microfloat potential
DHRM looks to have microfloat explosive traits at least for now cheap growth with who knows explosive upside in a few will add on any weakness LOL... Love tiny microfloats like a drug...
DHRM getting attention in Pit tiny float another BORN/OINK forgotten IPO that went off earlier this year at $8.00 had a great Qtr just reported