Board-Ansicht
Mix-Ansicht- Ein China-Zöckerchen - certina, 06.04.2006, 18:36
- Re: Ein China-Zöckerchen - alberich, 06.04.2006, 19:44
- Re: Ein China-Zöckerchen - verrückte Sprünge und noch viele Info's - Cichetteria, 10.04.2006, 13:15
- Re: Ein China-Zöckerchen - alberich, 06.04.2006, 19:44
Re: Ein China-Zöckerchen
-->Overview
Xinhua China (formerly Camden Mines) has pulled up stakes and abandoned its claim. Formerly an exploration-stage mining company, Xinhua has turned its attention to other prospects. The company changed its name to Xinhua China in October 2004 and entered the book and audio video distribution business in China through the acquisition of three Chinese firms -- Pac-Poly Investments, Beijing Boheng Investment & Management Co., and Xinhua Publications Circulation & Distribution Center Co. Xinhua has a nationwide distribution license in China for various domestic publications including books, periodicals, and audio video products, as well as for select international publications.
Xinhua China Ltd. ("Xinhua" or"the Public Company") is a reporting issuer on the National Association of Securities Dealers Over-the-Counter Bulletin Board. As of January 2005, the Public Company has completed a transaction whereby it has acquired 57.67% of the China-based entity, Xinhua Circulation & Distribution Center Co. Ltd. ("Xinhua C&D"), and has become the national book distributor in China.
The Chinese government owns a 40% equity interest in Xinhua C&D. Historically, the Xinhua Bookstore has played a central role in book distribution in China and brings to Xinhua C&D a network of over 12,800 bookstores, established revenues, and the right to distribute books nationwide in China. The Public Company brings the benefit of additional funding and a management team focused on modernizing operations, streamlining distribution, growing sales, and increasing profitability.
The Company is working towards launching a new IT system aimed at improving inventory management and increasing sales to the existing network of bookstores. Xinhua will increase its distribution sources to meet the rapidly growing demands of the Chinese readers and is negotiating with major international publishers to sell their books and other content in China.
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