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Article: HUATAI SECURITIES' BACKDOOR LISTING STIRS MORE RUMORS

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AsiaInfo Services
Article date:
January 15, 2007
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AsiaInfo Services
01-15-2007
Huatai Securities' Backdoor Listing Stirs More Rumors

JIANGSU, Jan 15, 2007 (SinoCast via COMTEX) -- Jiangsu Sainty Corp. Ltd. (600287, SH), Jiangsu Holly Corporation (600128, SH) and China Jiangsu Textiles Import & Export Group Corp. (600981, SH) release announcement on January 11 to deny the rumor that Huatai Securities Co., Ltd. to carry out backdoor listing via one of them.

On January 10, some sources reported that Huatai Securities was likely to complete backdoor listing through someone of the three listed companies.

The share price of Jiangsu Sainty and China Jiangsu Textiles Import & Export hit a limit-up on January 10 and Jiangsu Holly also ...

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