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Strategies & Market Trends : This Treasure (CHNA) From China Is For You! -- Ignore unavailable to you. Want to Upgrade?

To: Eric who wrote (853)	7/1/1998 9:02:00 AM
From: SIer formerly known as Joe B.	Respond to of 880

psy.miami.edu:99/sounds/205/china_fucked_up.wav

To: Eric who wrote (853)	7/6/1998 7:02:00 PM
From: james d. hargrave	Read Replies (1) \| Respond to of 880

Eric!- if your average price for this "china dung" is $4.79, this stock is negative wealth! jh

To: Eric who wrote (853)	9/21/1998 9:22:00 PM
From: Terry Lyon	Read Replies (2) \| Respond to of 880

Somebody thinks this stock is worth a lot. News just out: Monday September 21, 6:54 pm Eastern Time Company Press Release China Pacific Inc. Announces Management Buyout LOS ANGELES--(BUSINESS WIRE)--Sept. 21, 1998--China Pacific Inc. (Nasdaq SmallCap:CHNA - news) Monday announced that, on Sept. 14, Great China Industries Ltd. purchased 3,271,429 shares of the company's common stock from C.P. Investment Ltd., at a price of $0.276 per share, or $903,225. The beneficial owner of Great China Industries Ltd. is Thomas Tong, who is the acting president, chief financial officer and a director of China Pacific Inc., as well as a director of Chengdu Chengkang Iron and Steel Co. Ltd., the company's 60 percent owned joint venture subsidiary. Tong has stated that he is currently evaluating the cost- reduction program and a restructuring of the China Pacific group companies, with the goal of mitigating the company's financial burden. A new team will carry on the negotiations with the holders of the company's approximately $15.0 million in 9 percent convertible notes, regarding the terms of the notes. Although the outcome is still not certain, Tong hopes that a satisfactory agreement can be reached. China Pacific is a leading producer of steel and iron products in Sichuan Province, the People's Republic of China, through its majority interest in Chengdu Steel. Additional corporate information is available at the company's Web site, www.chinapacific.com, or contact China Pacific at 562/433-1882. Contact: China Pacific Inc., Los Angeles 562/433-1882