BEIDA JB-NEW not to issue A shares and in talks on technology and software proje

Beijing Beida Jade bird Universal Sci-tech (8095) Executive Director and Vice President Zhang Wanzhong said that the company turned loss into profit in the first quarter and the interest rate income contributed much to the profit. The earnings in the second quarter, he believed, would sustain sound growth. With orders worth RMB30 mln and RMB300 mln in cash, its capital expense this year exceeded RMB30 mln.

Asked whether the company would go public by issuing A-shares, he claimed that the parent company Jade Bird Group has two domestically-listed companies so that his company has no such plan at the present.

He revealed that the company was in discussion with European, US and UK companies about 5 projects of technology and software development.

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