Investors’ Insatiable Appetite for Chinese IPO’s

Filed Under (Business, Companies, Forex News, Oil, Trading, investors, market) by admin on 13-11-2007

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Investors' Insatiable Appetite for Chinese IPO's and Public Companies Doing Business in China China-AsiaStocks.com Reports on Listings from Shanghai to Hong Kong to U.S. Markets, Updating Growing Stock Directory for Investors Following Sector. PR9.NET November 13, 2007 - POINT ROBERTS, Wash., Delta B.C., - InvestorIdeas.com and China-AsiaStocks.com, its investor and industry portal focused on the China-Asia sector, updates its growing stock directory with new public company listings as investors witness the China IPO frenzy and seek investment opportunities in the sector. From Shanghai's listing of oil and gas conglomerate, PetroChina- China's largest domestic IPO, to the recent Alibaba.com IPO on the Hong Kong stock exchange, the market can't fill the growing appetite for China related listings. According to a recent report by Ernst & Young, companies in mainland China and Hong Kong raised $14.3 billion in the third quarter and the number of company listings in Hong Kong and mainland China hit new records. Philip Leung commented in their release "The record number of IPO's shows that companies were quick to react to keen investor interest in equities ". Outside of American Depositary Shares (ADS), investors can also invest in the China play in the micro cap markets. After Market Support, LLC, a wholly owned subsidiary of Keating Investments, is a financial marketing firm specializing in creating liquidity for publicly traded stocks and has worked with multiple clients that have gone public through reverse mergers (a method of going public increasingly replacing IPOs for micro cap issuers). Keating has an office and division in Shanghai (www.keatingasia.com) According to Justin Davis of After Market Support, LLC., currently working with Benda Pharmaceutical, Inc., (OTCBB: BPMA), smaller listed companies can provide investors the opportunity to get in on the ground floor of China's dramatic growth story. Justin does advise investors to complete their own due diligence and review SEC filings prior to investing. Benda Pharmaceutical (OTCBB: BPMA) is building its presence within the fast growing Chinese market and beyond, forecasting that Gendicine® will generate $16 million in revenue in 2008, up from estimates of $6.2 million for 2007. In total, the Company anticipates revenues to reach $25.1 million in 2007 and progressing upwards to $56.7 million in 2008. Yahoo!s (NASDAQ: YHOO) US$1 billion investment (40% interest) in Alibaba's business-to-business trading portal, represents another alternative for U.S. investors looking to participate in and own shares in companies doing business in China . Some notable recent and pending China listing market debuts include- Longtop's (NYSE:LFT) American Depositary Shares, posting significant gains its first day of trading Longtop, provides information technologies services to China's financial services sector. Also making headlines- China National Heavy Duty Truck Co, a heavy truck maker, in a Hong Kong IPO and Giant Interactive Group Inc ADSs (NYSE: GA), an online game developer . In the pipeline is AirMedia, planning to list its ADSs on NASDAQ, trading symbol AMCN. FUQI International, Inc. (NASDAQ: FUQI) recent IPO at $9.00 has already had a range of $6.50 - $11.75 and is currently down from its IPO debut. FUQI International, Inc. designs high quality precious metal jewelry in China.

Investorideas.com Reports on Resource

Filed Under (Companies, Forex News, Investment, results) by admin on 13-11-2007

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Investorideas.com Reports on Resource Based Public Companies Strategies and Relationships with First Nations; Featuring Exclusive Audio Interviews with Industry and First Nation Leaders Curtis Rattray, Chairman of the Central Council Tahltan Nation and Rick Van Nieuwenhuyse, President and CEO of NovaGold Resources Inc. (TSX: NG)(AMEX:NG) Provide Insight into Blending First Nations Culture and Corporate Culture to Create a Winning Formula a leading global investor and industry research resource portal specialized in sector investing reports on resource based public companies in Canada and relationships and strategies regarding First Nations. As investors read headlines of blockades and litigation, it is fast becoming a necessary part of investor due diligence to review and consider each public company policy and strategy regarding First Nations and the underlying natural resources. In the first of a new series, Investorideas.com discusses this highly volatile issue with representatives of public companies, industry members and the First Nations community including Chief Paul Eshkakogan, Curtis Rattray, Chairman of the Central Council Tahltan Nation, Rick Van Nieuwenhuyse, President and CEO of NovaGold Resources Inc.(TSX:NG)(AMEX:NG), Donald A. McInnes, Vice-Chairman and CEO of Plutonic Power Corp (TSX:PCC), industry consultants Brian Davey, First Nations Equity Inc and Jessica Delaney, VP of PR Associates. At the recently held Canadian Aboriginal Mining Association Conference (CAMA) in Vancouver one of the panelists, Chief Paul Eshkakogan, Sagamok Anishnawawbek, commented when asked by an audience member what companies have done it right "Nobody has got it right yet, there is a lot more room for improvement." In an interview with Investorideas.com Chief Paul Eshkakogan went on to discuss two mining deals they have entered into in Northern Ontario and how the resulting deals have improved working opportunities for his people but have yet to include royalty deals. They have currently signed an interim measures agreement with URSA Major Minerals Incorporated (TSX: UMJ) http://www.ursamajorminerals.com/ and an MOU with CVRD Inco. http://www.inco.com/

Corning Celebrates Sullivan Park Expansion Groundbreaking

Filed Under (Economy, Forex News, Fund, Investment, compaines, project) by admin on 13-11-2007

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Governor applauds commitment to continued investment in New York CORNING, N.Y. -- Corning Incorporated (NYSE:GLW) broke ground today on a previously announced $300 million facility improvement plan for the company's Sullivan Park Research and Development campus near Corning, N.Y. New York Governor Eliot Spitzer helped lead the ceremonial groundbreaking, along with Corning leadership, employees and invited dignitaries. The expansion plan at Corning's world-leading research center includes significant renovation of an existing research and development building and construction of a new facility. Results are expected to include increased operational efficiency, flexibility, space utilization and energy efficiency. All phases of this project are expected to be completed by 2013, with expenditures phased over the course of this six-year period. Corning Chairman and Chief Executive Officer Wendell P. Weeks set the stage as he spoke to Corning's long history of successful innovation. Next year marks 100 years of dedicated research at Corning - an achievement that only five U.S. companies can claim. "Today's groundbreaking represents an important milestone in our continuing commitment to excellence in research and development, and to the southern tier of New York State," Weeks said. Weeks traced Corning's history of research breakthroughs from developing the glass envelope to commercialize Thomas Edison's electric light bulb, to cathode ray tubes that enabled the growth of television, to today's newest game-changing technology, ultra-bendable fiber. "Today's announcement demonstrates that great companies like Corning are investing in Upstate New York's innovation economy because they understand its potential," said Governor Spitzer. "These are the type of key projects that will continue to drive the revival of the Upstate economy and the Southern Tier." Corning Chief Technology Officer Dr. Joseph A. Miller spoke of Corning as an organization that thrives on creating first-of-a-kind, life-changing innovations. He attributed Corning's ongoing success in research and development to a special recipe: a centralized and collaborative R&D environment, a vibrant innovation heritage, and a community of talented employees to whom Miller dedicated the event. "They are delivering the inventions and innovations that will not only grow Corning, but will contribute to the well-being of this region," Miller said. Assistance for this expansion project has been offered by the Empire State Development Corporation, the New York State Energy Research and Development Authority, and the New York State Department of Transportation in the forms of: a $1.5 million capital grant; up to $1.5 million in project funding; and up to $750,000 in Industrial Access Program funding, respectively. The Industrial Access Program funding is to be applied for by the town or county. About Corning Incorporated Corning Incorporated (www.corning.com) is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. Our products include glass substrates for LCD televisions, computer monitors and laptops; ceramic substrates and filters for mobile emission control systems; optical fiber, cable, hardware & equipment for telecommunications networks; optical biosensors for drug discovery; and other advanced optics and specialty glass solutions for a number of industries including semiconductor, aerospace, defense, astronomy and metrology.

Dubai Group Purchases US$5 Million in ZAP Shares

Filed Under (Companies, Forex News, Investment, Technologies, financial, future, market, parnership, system) by admin on 12-11-2007

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Al Yousuf Group and electric car pioneer ZAP (OTC BB:ZAAP.OB) announced today that the Dubai-based manufacturing and distribution company has invested US$5 million ($5,000,000) in ZAP shares. The Al Yousuf Group, along with its subsidiary Al Yousuf Motors, is one of Dubai's leading distributors of automobiles, off-road vehicles and boats. Founded in 1952, Al Yousuf Group has 18 subsidiaries with branch offices in Abu Dhabi, Al Ain, Cairo, Fujairah, Jeddah, Ras Al Khaimah, Riyadh, and Sharjah, according to the Middle East information resource Zawya (http://zawya.com/cm/profile.cfm/cid489977/). ZAP has been a pioneer in electric transportation since 1994, delivering more than 100,000 electric cars, trucks, scooters, bicycles and other vehicles to consumers in 75 different countries. Over the past few years ZAP has accelerated its plans to market electric cars and trucks using the latest in advanced technologies. ZAP is manufacturing a full-line of electric vehicles and has plans to develop full-performance models using the latest advances in automotive technologies. "I really like ZAP's approach to the electric vehicle market," said Eqbal Al Yousuf, President of Al Yousuf Group. "I am impressed with the technology ZAP is developing -- like wheel motors -- as well as its management team and we look forward to building a broader business relationship with them." The Al Yousuf Group has developed partnerships with many of the world's renowned brand names in Asia, Europe and the USA. A number of these ventures have grown into long-term business relationships. Al Yousuf Motors' portfolio includes General Motors and Daihatsu vehicles, Daewoo buses, Suzuki motorcycles and outboard engines, Yamaha motorcycles, outboard and marine engines, water vehicles, generators, boats etc. "We believe there is a big demand for clean transportation in The Middle East and we see ZAP in a position to deliver on that demand," said Hossein Asrar Haghighi, Chief Finance Officer of Al Yousuf Group. "We are long-term investors in this endeavor and will focus our efforts with ZAP on this important work to contribute to a green community worldwide through different units of our Group." "Forming a relationship with Mr. Al Yousuf over the past several months has opened new horizons for ZAP and its business plans," said ZAP CEO Steve Schneider. "Al Yousuf has been one of Dubai's leading business innovators for more than half century. I believe this is the right relationship for ZAP to expand on its global marketing strategy." About the Al Yousuf Group With more than 50 years in business, Al Yousuf Group has diversified into a multitude of industries under various subsidiaries, with dealings in Automotive, Information Technology and Telecommunications, Consumer Electronics, Boat Manufacturing, Air Conditioning, Imperbit Membrane manufacturing, Real Estate, Transportation and more. The Group has grown remarkably through a combination of aggressive marketing and the continuous addition of new agencies and businesses -- a mark of confidence that the community has in the future of Al Yousuf. It now has a network of subsidiaries and associate companies having staff strength close to 3,000. Al Yousuf is constantly seeking new opportunities to partner with regional and world brands that are themselves looking to expand to new markets. Increasingly, these companies are recognizing the advantages of partnering with Al Yousuf -- a global organisation that has strengthened immeasurably over the past half century. With its enviable record of strong continuous growth, the solid support of its business partners, dedicated and loyal workforce behind it, and the Royal Family's vision as its guide, Al Yousuf is well placed to realize its ambitions for the next centuries to come. About ZAP ZAP has been a leader in advanced transportation technologies since 1994, delivering over 100,000 vehicles to consumers in more than 75 countries. At the forefront of fuel-efficient transportation with new technologies including energy efficient gas systems, hydrogen, electric, fuel cell, ethanol, hybrid and other innovative power systems, ZAP is developing a high-performance crossover SUV electric car concept called ZAP-X engineered by Lotus Engineering. ZAP is also developing a new generation of vehicles using advanced nanotech batteries with Advanced Battery Technologies. The Company recently launched a new portable energy technology that manages power for mobile electronics from cell phones to laptops. For product, dealer and investor information, visit http://www.zapworld.com. Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

NYC Symposium to Explore The Economic State

Filed Under (Business, Forex News, benefits, economic, financial, market, partner) by admin on 07-11-2007

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NYC Symposium to Explore The Economic State of Green Building The Green Building Industry's Top Analyst and New York's Green Financial Advisor aim to educate Eco Investors and take Green Building to new heights San Diego, CA. Nov 7, 2007 - Harvey Bernstein of McGraw-Hill Construction and Bruce Kahn, Citi Smith Barney's Green Financial Advisor, will come together to explore the riveting topic of "The Economic State of Green Building" at the Eco Investment Club's Symposium on November 19th, 6-8PM. These industry leaders will discuss Economic Forecasts, the current state of Green Building, the principles of Investing in "Green" and current Industry Trends, all of which will be held above the Manhattan skyline at Citi Smith Barney's Park Avenue offices. "Those that invest (in Green Buildings) understand the advantages of green design-from the health benefits and the resource (energy, water, etc.) conservation. Both of those save $$ for owners, and those concepts have traction now in the marketplace," said Harvey Bernstein, Vice President of Industry Analytics, Alliances and Strategic Initiatives for McGraw-Hill Construction in a recent interview with Yeves Perez, Founder of the Eco Investment Club. Bernstein then added, "However, that is the part of the population that has been exposed to that level of education, and the reality is that we as "information providers" still have our work cut out for us in reaching those investors who aren't as aware of how the market is shifting. It's an exciting opportunity, though, to be helping to push what is now a fully emerging trend to one that becomes standard". The complete interview with Mr. Bernstein will be featured in the up coming article, "What Green Invest ors Should Know About Investing in Green Buildings," released this Friday, November 16th. Mr. Bernstein had also commented on the touchy "ROI" questions saying, "Our Commercial Green Building SmartMarket Report has shown that (Green) building owners expect decreases of operating costs between 8% and 9%, average increases expected of around 7.5% in building values, an ROI improvement of 6.6%, occupancy ratio expected to increase by 3.5% on average and rent increasing by three percent on average". Admission to this insightful event is Free, yet pre-registration is required due to building security. For more information, visit the Eco Investment Club's website at www.EcoInvestmentClub.com . About Eco Investment Club The Eco Investment Club was designed to facilitate a positive atmosphere where Eco-Investors, Green Entrepreneurs, and like-minded individuals can become a part of a group that: provides exceptional educational opportunities; shares eco-investment opportunities; encourages the forming of new partnerships; provides in-depth news and pertinent information about the Green Industry and Eco Investing; supports the progression of The Green Movement.

Ardour Global IndexSM (Extra Liquid)

Filed Under (Companies, Forex News, Trading, market, stocks) by admin on 07-11-2007

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Ardour Global Index , A Global Alternative Energy Index, Up 59.38 Percent Through October Constituents Derive at Least 50% of Revenues from Alternative Energy. Approximately 69 Percent of Index is International and 81 Percent is in Renewable Energy Companies NEW YORK -- The Ardour Global Index(SM) (Extra Liquid) (AGIXLT) rose 13.77 percent in October and gained 59.38 percent in the ten months ending October 31, 2007.*(+) AGIXLT is a rules based index intended to give investors a means of tracking the overall performance of a global universe of listed companies engaged in the alternative energy industry. These companies derive at least 50% of their revenues from the industry. Together, companies in the Index participate in a broad range of alternative energy activities; however, approximately 81% of the Index's components are classified as being in renewable energy (solar, wind, ethanol, bio-fuels, water and geothermal). AGIXLT is calculated using a modified capitalization weighted methodology, adjusted for float. It includes 30 securities and is rebalanced quarterly. The next rebalancing will occur on December 21, 2007. The Market Vectors - Global Alternative Energy ETF (NYSE: GEX) is an exchange-traded fund that seeks to replicate, as closely as possible before fees and expenses, the price and yield performance of AGIXLT. The Fund generally holds all securities that comprise AGIXLT in proportion to their weighting in AGIXLT. *Past performance does not guarantee future results. AGIXLT's return does not represent the performance of any fund. AGIXLT charges no fees, including management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in AGIXLT. Please call 1.888.MKT.VCTR or visit www.vaneck.com/gex for the most recent month-end performance of Market Vectors-Global Alternative Energy ETF. This information will be available no later than seven business days after the most recent month end. (+)About the Ardour Global Index (Extra Liquid) (AGIXLT) AGIXLT, a trademark of Ardour Global Indexes(SM), LLC, is licensed for use by Van Eck Associates Corporation in connection with the Fund. Ardour Global Indexes(SM), LLC does not sponsor or endorse the Fund and it makes no warranty or representation as to its accuracy and/or completeness or results to be obtained by any person from use of AGIXLT in connection with trading of the Fund. The value of AGIXLT is disseminated every 15 seconds between the hours of approximately 9:30 a.m. and 4:15 p.m. Eastern Time. The Index is a total return index. Although Fund shares may be bought and sold in the secondary market through any brokerage account, Fund shares are not individually redeemable from the Fund. Investors may acquire Fund shares and tender them for redemption through the Fund only in large, specified blocks of shares. The Fund is subject to risks associated with the stock market, index tracking, sector investing, investing in small- or mid-cap companies, replication management, non-diversified investments, absence of prior active market, trading issues, fluctuation of net asset value and risks of investing in alternative energy investments. Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies. Investors may call 1.888.MKT.VCTR or visit www.vaneck.com/gex for a free prospectus. Investors should consider the investment objective, risks, and charges and expenses of Market Vectors-Global Alternative Energy ETF carefully before investing. The prospectus contains this and other information about the Fund. Please read the prospectus carefully before investing. About Exchange-Traded Funds ETFs are passively managed baskets of securities that trade in a manner similar to stocks. They have grown in popularity as investment tools because of their relatively low expense ratios and the tax efficiency they offer compared to most mutual funds. Investors can buy and sell ETFs intra-day and they can hold them both long and short, offering the opportunity to prosper from both bear and bull markets. About Ardour Global Indexes(SM), LLC Ardour Global Indexes(SM), LLC was founded in 2005 for the express purpose of developing benchmarking tools for the global alternative energy industry. It is a partnership between Ardour Capital Investments(SM), a premier investment bank specializing in alternative energy finance, and S-Network Energy Technologies(SM), LLC, a developer of indexes and investment products focused on both traditional and alternative energy.

Alibaba.com Limited Trading Debut

Filed Under (Business, Exchange, Forex News, Hong Kong, Stock, banks, financial, investors, market) by admin on 06-11-2007

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IPO raises HK$13.1 billion; Shares close at HK$39.50. Largest Internet IPO in Asia and second largest globally HONG KONG, November 6, 2007 – Alibaba.com Limited ("Alibaba" or the "Company"; SEHK Stock Code: 1688), the leading B2B e-commerce company in China and the flagship company of Alibaba Group, commenced trading today on the Main Board of The Stock Exchange of Hong Kong Limited. Alibaba.com's share price closed at HK$39.50, 192.6% higher than the Offer Price of HK$13.50. The offering raised HK$13.1 billion (US$1.7 billion) in gross proceeds before offering expenses, including proceeds from the Over-allotment Option which was exercised after the market closed, making it the largest Internet IPO in Asia and the second largest globally. The debut of Alibaba's shares was witnessed by the Company's management team, 18 founders and other guests at the listing ceremony. "We are pleased to welcome investors from Hong Kong and around the world to join us in building a world-class e-commerce company," said Jack Ma, non-executive Chairman of the Company and Chairman and Chief Executive Officer of Alibaba Group. "Alibaba.com's IPO ushers in a new era of e-commerce development and we look forward to pioneering an e-commerce ecosystem that benefits businesses in China and around the world." "Our Hong Kong listing is an important milestone for our Company," said David Wei, Chief Executive Officer of the Company. "Alibaba.com started in 1999 with the goal of helping SMEs around the world grow their businesses through the Internet. Today, we have become a publicly-listed company, and our goal remains the same. We will use the resources and brand exposure gathered from the listing to expand our community of members and add more value to their business." Alibaba.com and its parent company Alibaba Group initially offered a total of 858,901,000 shares under the Global Offering, of which 227,356,500 shares were offered by the Company and 631,544,500 shares were offered by Alibaba Group. An additional 113,678,000 shares were sold by Alibaba Group upon exercise by the International Underwriters of their Over-Allotment Option. The eight Cornerstone Investors which participated in the Global Offering included Yahoo! Inc., AIG Global Investment Corporation (Asia) Limited, Foxconn (Far East) Limited, Industrial and Commercial Bank of China (Asia) Limited, Cisco Systems International B.V., and entities affiliated with Mr. Peter Kwong Ching Woo (Chairman of The Wharf (Holdings) Limited), the Kwok family (controlling shareholders of Sun Hung Kai Properties Limited) and Mr. Kuok Hock Nien. The total cornerstone investment was HK$2.1 billion (US$274 million) and all Cornerstone Investors agreed to a lock-up period of 24 months from the date of listing. Goldman Sachs (Asia) L.L.C. and Morgan Stanley Asia Limited were the Joint Global Coordinators and Joint Sponsors, and with Deutsche Bank AG, Hong Kong Branch, Joint Bookrunners and Joint Lead Managers of the Global Offering while N M Rothschild & Sons (Hong Kong) Limited was the Financial Advisor to the Company. About Alibaba.com Limited Alibaba.com Limited is the leading B2B e-commerce company in China. We provide an efficient, trusted platform connecting small and medium-sized buyers and suppliers from China and around the world. Our international marketplace (www.alibaba.com) focuses on global importers and exporters and our China marketplace (www.alibaba.com.cn) focuses on suppliers and buyers trading domestically in China. Together, our marketplaces form a community of more than 24 million registered users from over 200 countries and regions. Founded in 1999, the B2B e-commerce platform of Alibaba.com Limited has achieved significant growth in the number of users, customers and revenue. As of June 30, 2007, Alibaba had 24.6 million registered users and over 255,000 paying members and recorded revenue of RMB957.7 million for the six months then ended.