Chengzhi Co., Ltd

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Chengzhi Co., Ltd is a technology company of the People's Republic of China, established on 9 October 1998. Based in Jiangxi, it was formed by the provincial government in cooperation with Beijing's Tsinghua University.[1] In May 2004, investors, believing the cooperation between Chengzhi and Tsinghua was coming to an end, sold Chengzhi shares, causing it to drop to the lower trading halt price. However, company officials emphasised in an interview that their cooperation with Tsinghua remained unaffected.[2]

In March 2007, Chengzhi announced that they would sell an additional 45 million shares in a non-public offering aimed at specific investors, at a price no lower than 90% of the stock's average price in the previous 20 days.[3] This was later expanded to 80 million shares. The shares were finally issued in August 2007.[4]

References[edit]

  1. ^ "公司简介 (Company profile)" (in Chinese). Chengzhi Co., Ltd. Archived from the original on 2008-01-15. Retrieved 2008-01-27. 
  2. ^ "诚志股份 (Chengzhi Co.)". China Central Television (in Chinese). 2004-05-25. Retrieved 2008-01-27. 
  3. ^ "诚志股份决定非公开发行不超过4500万股 (Chengzhi Co. Ltd decides to issue no more than 45 million shares in non-public offering)". Xinhua News (in Chinese). 2007-03-28. Retrieved 2008-01-27. 
  4. ^ "诚志股份拟非公开发行8000万股 (Chengzhi Co. conducts non-public issuance of 80 million shares)". Xinmin Evening News (in Chinese). United Press Group. 2007-08-01. Retrieved 2008-01-27. [permanent dead link]

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