Mark a recent IPO to watch is EFUT 12.60 +1.56 here...Chinese company: NASDAQ President Meets With eFuture Chairman
Wednesday November 8, 9:00 am ET
BEIJING, Nov. 8 /Xinhua-PRNewswire/ -- eFuture Information Technology Inc. announced today that on November 1, 2006, Mr. Robert Greifeld, the President and Chief Executive Officer of The NASDAQ Stock Market, Inc., who had recently arrived in China, met with Mr. Adam Yan, the Chairman of eFuture Information Technology Inc., in the China World Hotel, Beijing. Robert expressed his sincere congratulations and warm welcoming to Adam Yan for the successful listing of eFuture on NASDAQ on October 31 this year. The IPO price was $6.00/share. Closing on Nov. 7, the shares of eFuture have climbed 89.6% at $11.38/share.
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"eFuture is the 31st Chinese company to list on NASDAQ," Mr. Greifeld said, "China is the fastest growing market for NASDAQ in terms of the number of companies listing. NASDAQ is committed to China and we look forward to continuing our efforts to assist with and support the ongoing growth of China's capital markets.''
Mr. James Ogilvy-Stuart, head of the Asia Pacific Region for NASDAQ, and Lawrence X. Pan, NASDAQ Chief Representative in China, together with Johnson Li, the Vice President of eFuture, were present at the meeting.
About eFuture
eFuture Information Technology Inc. (''eFuture'') is a leading provider of integrated software and professional services for manufacturers, distributors, wholesalers, logistics companies and retailers in China's supply chain front market.
eFuture's customers are centred in the retail, automotive, general household appliance and consumer goods industries. Its solutions are specifically designed to optimize demand processes from finished goods to customer checkout, and to address supply chain management, business processes, decision support, inventory optimization, collaborative planning and forecasting requirements. eFuture's software solutions business is enhanced and supported by its consulting services and ongoing maintenance on existing software installations.
eFuture has over 500 customers, 30% of the top 30 retailers in China and 30% of top 500 retailers in China. And eFuture has also been selected to provide the retail software for upwards of 500 retail stores (Mickey Space) that will be selling Disney products in China. In addition, eFuture provides products and services to Proctor & Gamble, Ford, Panric, Haier, Gucci, Suning, PARKSON, SOGO, Wangfujing, Homeway, Orient home, and other large companies operating in China's domestic markets.
For more information about eFuture, please visit e-future.com.cn English channel.
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Source: eFuture Information Technology Inc. |
