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Rattlesnake

05/28/05 7:36 AM

#12849 RE: Franz Beckenbauer II #12848

@franz
ich denke, die existenz dieses unternehmens hat rein formale juristische gründe. das hängt damit zusammen, dass es derzeit noch beschränkungen für beteiligungen ausländischer firmen an chinesischen unternehmen gibt.

siehe auch aus dem 10q:
Due to the Chinese government's restrictions of direct foreign investment in Chinese-owned sales and distribution companies, through Shanghai Jiumeng Information Service Co., Ltd., we own 51% of the equity of Shanghai Huaqing, our main operating subsidiary for the Samsung distribution business. Shanghai
Jiumeng is 90% owned by Mr. Kang Bin, our financial controller, and 10% owned by Ms. Ni Ting Ting, an employee of the Company, both of whom are People's Republic of China, or PRC, citizens. The two employees serve as our nominees.

Rattlesnake