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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (8915)	4/5/2001 10:52:20 PM
From: LPS5	of 12617

China's Bourses Are Preparing to Expel Six Unprofitable Firms Thu, 5 Apr 2001, 10:47pm EDT Shanghai, April 6 (Bloomberg) -- The Shanghai and Shenzhen stock exchanges told six unprofitable companies to prepare for expulsion if they can't formulate a plan to return to profit. The six companies are Zhonghao Group Co., Narcissus Electric Appliances Co., Shuanglu Electric Appliances Co., SAIC Multiple Trading Co., Chengdu Hongguang Industrial Co., and Shanghai Commercial Real Estate Development Industry Co., according to notices published on the exchanges' Web sites. The China Securities Regulatory Commission has reaffirmed its pledge to expel unprofitable and badly managed firms from the country's stock exchanges to instill better discipline in the world's best-performing stock market. © Copyright 2001, Bloomberg L.P. All Rights Reserved. (Aside from the lack of surprise that a company named "Narcissus" wouldn't be profitable, how about that. Unprofitable companies not permitted to list/remain listed. What a concept!)

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