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Re: graffito post# 7097

Saturday, 10/10/2009 12:39:04 AM

Saturday, October 10, 2009 12:39:04 AM

Post# of 112648
Whoops, wrong assumption again.

We know who NCIL is. There are hundreds of references on the internet to "New Century International Leasing Company (NCIL)" of Beijing.

The question is who is "Beijing New Century International Leasing Company (BNC)".


They're one and the same. Zinn has explained this is some detail but here's proof from a Chinese gov site. Apparently the Beijing and (BNC) were confusing?

Orig PR/alt hdlines:

LandStar Closes $290 Million Deal with Beijing New Century International Leasing

LandStar Inc. (LDSR) Completes $290 Million Deal


December 10/11, 2008... signed a cooperation agreement with Beijing New Century International Leasing Company, to provide financing of RMB 2 billion Yuan (approx $290+ million USD) in respect of the continued growth of Landstar's operating subsidiary; Hubei Chuguan Industry Co. Ltd. Note: in China, a cooperation agreement is similar to a joint venture, and commits both parties to a working agreement. Beijing New Century International Leasing Company (BNC) has been approved by the Chinese Ministry of Commerce and State Administration for Industry and Commerce and formally registered as a Sino-foreign joint venture leasing companies. BNC has two joint venture partners with which it works to fund major capital projects in China; Reid International Investment Funds Limited (United States) and China Communications Construction Corporation.

Chinese government site:

http://csn.mofcom.gov.cn/fwhy/display.php?e_id=41591 [Chinese]
http://tinyurl.com/yzwqwhz [Google/English]
New Century International Leasing Co., Ltd.

New Century International Leasing Co., Ltd. on September 19, 1994 by The People's Republic of China approved by the Ministry of Foreign Trade and Economic Cooperation, at the national Industry and Commerce Administration registration, is a large joint-venture leasing company. The company was formed by Reid International Investment Fund Limited (USA) and China Communications Construction Corp. formed joint venture limited liability company with registered capital of 15 million U.S. dollars.

The company is mainly engaged in finance leasing and operating leasing business, including domestic and foreign various advanced or applicable production equipment, communication equipment, medical equipment, scientific equipment, inspection and testing equipment, engineering machinery, transport vehicles (including airplanes, automobiles, ships) and other machinery and equipment and associated technologies of direct lease, sublease, sale leaseback, leveraged lease, leasing commission, joint tenancy and other forms of foreign currency in financial leasing business; lease residual value items to sell and deal with business; operating lease business, including operations at home and abroad advanced construction machinery, communications equipment, medical equipment, production equipment, scientific equipment and in-kind rental, and leasing transactions and guarantees the provision of advisory services.

The company is headquartered in Beijing, China International Trade Center International Trade Building, Room 2121-2127, Block A, Shanghai, Guangzhou and Hong Kong and the United States, with subsidiaries and offices in New York.

New Century International Leasing Co., Ltd.
http://www.ncil.com.cn/ [Chinese]
http://www.ncil.com.cn/index.aspx [English]

Note that China Communications Construction Corporation is mentioned in both descriptions. It's a big deal in China. Hubei Chuguan has the friends/backing to make things happen.

http://en.wikipedia.org/wiki/China_Communications_Construction
China Communications Construction Company (CCCC) Group

CCCC is the largest Mainland China's infrastructure government-owned enterprise company listed in Hong Kong Stock Exchange Market. Some of its stock were bought by some of billionaires, including Li Ka Shing, Lee Shau Kee, Joseph Lau, Robert Kuok and Alwaleed bin Talal, during its initial public offering (IPO) on December 2006. China Life Insurance Group, Chow Tai Fook Group and Government of Singapore Investment Corporation were its strategic stockholders.

http://www.ccccltd.com.cn/jtjs/index.aspx [Chinese]
http://www.ccccltd.cn/ccccltd/main.php [English]

GLTA