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Non-Tech : Beijing YanHua Petrochemical (BYH) Taking Off -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (223)	6/13/1999 8:45:00 PM
From: Jim Lou	Read Replies (1) \| Respond to of 257

CCTV has been reporting anti-smuggling campaigns lately. 3 higher level officials were executed (death penalty) last week for taking bribery and escaping taxes (Yes, they still should have paid taxes on money received.). This effort was mentioned as a positive force favoring oil chemistry a while ago in SHI's quarterly report. I just received a copy of BYH report. I don't what your feeling is, the leadership is around 55 years average years of age, pretty energetic for oil business. One of'em is 80 with some government background - an honorary member! Good for him! They mentioned recovery and expansion of production lines. I believe the stock should be around 13-14 by year end.