One interesting and important point was that the office in China has been streamlined.In recent times they have been concentrating on collection of money oweing .The outstanding from Weichai has been driven down to 1.1m from over 2m some months ago.there will be a renewed effort in the new yr to a negotiated settlement of all money outstanding.The change in climate has allowed the sales team to concentrate on their intended role of opening new markets and servicing existing ones.Its hoped that this will invigorate sales to fleets and thus more orders .See superimposed pic of china and possible sales in presentation. This is now a strategic focus.It all takes time to recover from the great recession but at least things are moving in the right direction.
ACE Price at posting:
6.5¢ Sentiment: ST Buy Disclosure: Held
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