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Re: itrytowin post# 2250

Friday, 04/01/2005 6:51:43 PM

Friday, April 01, 2005 6:51:43 PM

Post# of 7018
I think that the characterization of Far East as merely a "local supplier" is not entirely accurate. I think it is a more accurate to characterize Far East as a "Preferred Supplier". If you look at the facts the Mr. Jiang, the chairman of Far East, is relatively young to control such a prominent company and to be a member of the Peoples Congress, it leads to the conclusion that he comes from a prominent family. As such, he likely has access to and relationships with those that make grid procurement and construction decisions. Accordingly, he would likely get greater preference that your average "local supplier” All that being said, does anyone have any information that CTC is in fact negotiating with other "local suppliers" and if so, who they are and how they compare to Far East in terms of asset base, sales and production capability? Also, just curious, does anyone know how CTC found Far East or these other suppliers?
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