China Warehouse- More Than Crockery Message Board

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Strategies & Market Trends : China Warehouse- More Than Crockery

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To: RealMuLan who wrote (457)	8/21/2003 11:41:09 AM
From: RealMuLan	Read Replies (1) of 6370

HK bulls pile into China shop Jake Lloyd-Smith in Singapore, Evening Standard 21 August 2003 TWO months ago Chinese supermarket player Lianhua lit up Hong Kong's market with a feisty debut as investors shook off worries about tough competition and rushed to buy into the country's largest retail chain. Today such faith was amply rewarded as Lianhua hit yet another record high after a promising set of first-half figures. Shares in the Shanghai-based group, which were priced at listing at HK$3.87, rose 40 cents to HK$5.35, up 8%. That took their advance over the past eight weeks to almost 40%. The latest fillip came from a 55% jump in first-half net earnings to 85.12m yuan (£6.5m). thisislondon.co.uk

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