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Gold/Mining/Energy : Noble China (NMO) on TSE. Chinese Brewery Stock -- Ignore unavailable to you. Want to Upgrade?

To: Ciao who wrote (58)	2/9/1999 6:43:00 PM
From: Ciao	Read Replies (1) \| Respond to of 248

To all: Here is a reply I received from NMO last week: Our main focus currently is the reinstatement of the Northern Breweries. We are in discussions and hopefully will be able to report some positive news in the not too distant future. We are also working on enforcement of the arbitration award against Lei but that will take longer. Hopefully some positive news on that issue will be available within this year. The stock suffers mainly from a general concern in the market about China and Asia in general. Possible devaluation, currency controls and other similar concerns have kept our price/earnings ratio very low. These concerns should abate as the Asian crisis eases. Yours truly, John Pennal President & Chief Executive Officer