Hoping for some news regarding their rights issue in the new year.
Before the prelim report in Feb would be nice. Shareholder approval is needed by May.
Management were keen to reward LTH's, they said in the notes from AGM, that is why noone sells.
One to keep an eye on. Tightly held and never really seen demand. It could run hard if it gets above 13 or 14 cents since there are very few holders and little stock.
Market cap $7M, with $10M in bank and a very secretive rights issue.
Check out www.sinotransone.com/Sinotransgroup.html?
They must have to be very interested in taking all 15 million new shares and taking control. Richfield is very synergistic to their needs and it has proven it can operate in China....
"Sinotrans is China’s largest company specializing in international freight forwarding, air cargo and international express, the second largest shipping agency and the third largest shipping company."
"By the end of 2007, Sinotrans developed into a corporation with 97 subsidiaries, one listed company on the Shanghai Stock Exchange, two listing on the Hong Kong Exchanges and Clearing Limited. It includes 1,161 domestic companies and 134 companies established in other countries."
Might be able to add another company and another stock exchange listing to those impressive figures.
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