IPO'd 14 months ago, suspended and needs a good forest fire to flush out the shysters.
Following the tried and tested IPO flip.. boost the numbers with extraordinary income (property revaluations), IPO the stock to suckers and cash out.
In the offering document, the company claimed that it made net profits of 339 million yuan (HK$400 million) in 2006, 783 million yuan in 2007 and 5.8 billion yuan in 2008,
If it seems too good... it stinks. You can have all this and less on the HKEX. Brought to you this time by UBS and Cazenove.
