Tuesday, August 03, 2010 8:38:38 AM
The company, whose name remains undisclosed at this time, is a large utility company, founded in 2003, with profits in excess of 50 million RMB ($7,360,000 US). Hydro electric power in China today is big business and is part of the government's plans to aid underdeveloped regions with sustainable energy. The company plans to expand its services and currently seeks funding for the creation of a new hydro power station. This new hydro station is due to provide energy to the region by 2012.
The first rule is not to lose. The second rule is not to forget the first rule.
-Warren Buffett
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