According to the news, Wealthy travelers snap up trips around the globe, a half-a-million-yuan tour around the world sold out in less than 10 minutes in mainland China. The trip worth $73,200 US dollars will take tourist to six continents for over 60 days. Tourists will travel by air, train, helicopter, and ship and will stay in top-level hotels all the way. Ctrip.com said the sales target was met nine minutes after the package went on sale and more than 30 mainland tourists had called to inquire about the product. The 2010 Hurun Wealth Report shows that there are 875,000 people with more than RMB 10 million, or $1.47 million US dollars, in China today, an increase of 6.1% from last year. The average age of China’s wealthy is 39 years old and travel, golf, and swimming are their leisure activities of choice. On the back of strong economic growth, China is at a stage of explosive growth in travel industry.
Ctrip.com International (CTRP), a leading travel service provider in China, was oversold following an excessive sell-off starting last Friday and had a reversal today. Shares of the company broke above 50-day moving average and finished 5.63% higher to $38.06. Universal Travel Group (UTA) had a third rally and broke straight through the 50-day moving average. Shares added 2.72% on average volume.
Biostar Pharmaceuticals (BSPM) announced that it is approved for listing on NASDAQ global market and its stock will commence trading on NASDAQ tomorrow. Shares were propelled immediately and surged 6.73% for the day. Amid the session, BSPM set a new 52-week high of $5.50. The trade was active with 1.08 million shares trading hands, over five times the average trading volume or 6.75% of the float. Telestone Technologies (TSTC) slightly climbed back from previous losses and settled 6.45% higher to $14.53 accompanied by light volume, 43% less than the average trading volume. The stock has a support located at $13.14. China-Biotics (CHBT) make it the third rally with a 4.48% gain following a positive news announced by the company this Tuesday and an encouraging commentary posted on TheStreet.com yesterday. Solarfun Power Holdings (SOLF) climbed back from yesterday’s loss, adding 4.46% to close at $8.66. The stock has a solid support at $8.00.
Yanglin Soybean (YSYB) reported its 2009 annual financial results last Friday. Total revenues for the full year 2009 decreased 35.6% to $161.6 million as the combination of demand softness and oversupply of imported soybeans. Net income was $44.9 million, or $1.42 per diluted share, compared to $9.9 million, or $0.26 per diluted share, for the last year. The company has also restated the financial statements of 2008 as a result of the company’s failure to achieve listing on a National Stock Exchange. The company’s major shareholder committed to transfer 1 million shares of common stock to the purchasers of shares of Series A Convertible Preferred Stock. The company recorded a stock exchange listing expense for $4.48 million for the year of 2008. Yanglin Soybean is extremely lack of investor awareness with very thin trading volume. Shares of the company were down 13.21% with little volume traded.
Shares of 51job (JOBS) broke below the support level at 50 day moving average and sank 6.01% to $17.20 for the day with 250,000 shares traded. JOBS has a very small float of 7.4 million shares which keeps the stock volatile. The next possible support would be at $15.32. L & L International (LLEN) continues its downward momentum from the previous gains, lagging 5.13% to $11.35 on recent average volume. The stock has a support located at its rising 50-day moving average.
The policy of tightening bank loan for third-home purchases and the concern of China’s housing bubble have continually pushed Chinese real estate stocks down. Xinyuan Real Estate Company (XIN) dropped 4.20% to $3.65 while E-House China (EJ) slipped 2.28%. Both stocks are traded below the 50-day and 200-day moving averages. Shares of China Kangtai Cactus Bio (CKGT) continue to pull back from previous gains underpinned by positive 2009 earnings results. The stock finished with a loss of 2.88% to $2.36, above its 50-day moving average of $2.27.
| TOP GAINERS |
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China Organic Agricultr (CNOA) |
0.65 |
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0.05 / + 8.33% |
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Biostar Pharmaceuticals, Inc. (BSPM) |
5.39 |
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0.34 / + 6.73% |
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Telestone Technologies Corp. (TSTC) |
14.53 |
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0.88 / + 6.45% |
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Ctrip.com International Ltd. (CTRP) |
38.06 |
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2.03 / + 5.63% |
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China-Biotics, Inc. (CHBT) |
18.18 |
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0.78 / + 4.48% |
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| TOP LOSERS |
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Yanglin Soybean Inc. (YSYB) |
2.30 |
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0.35 / - 13.21% |
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51job Inc. (JOBS) |
17.20 |
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1.10 / - 6.01% |
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L & L International Holdings (LLEN) |
11.35 |
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0.61 / - 5.10% |
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Xinyuan Real Estate Co., Ltd. (XIN) |
3.65 |
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0.16 / - 4.20% |
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China Kangtai Cactus Bio (CKGT) |
2.36 |
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0.07 / - 2.88% |
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A-Power Energy Generation Systems, Ltd. (APWR) files F-3 - Registration statement by foreign private issuers. This prospectus relates to the registration of 7,210,451 of our common shares, 2,099,823 Series A Warrants to purchase our common shares and 789,145 Series B Warrants to purchase our common shares (together, the “warrants”). The common shares and warrants are being registered pursuant to the requirements of a registration rights agreement dated January 21, 2010 among us and the holders of the common shares and warrants, which requires us to register their shares and warrants to permit such holders to sell common shares and warrants or, upon exercise of the warrants, to sell the common shares underlying the warrants from time to time in the public market.
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Origin Agritech Limited (SEED) files F-3 - Registration statement by foreign private issuers. We may from time to time sell any combination of securities described in this prospectus, either individually or in units. The aggregate initial offering price of all securities sold by us under this prospectus will not exceed $150,000,000.
This prospectus provides a general description of the securities we may offer. Each time we sell securities, we will provide the specific terms of the securities offered in a supplement to this prospectus. The prospectus supplement may also add, update or change information contained in this prospectus. You should read this prospectus and the applicable prospectus supplement carefully before you invest in any securities. This prospectus may not be used to consummate a sale of securities unless accompanied by the applicable prospectus supplement.
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China Mobile Limited (CHL) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. On 10 March 2010, the Board announced that Guangdong Mobile had, on the same date, entered into the Share Subscription Agreement with SPD Bank pursuant to which Guangdong Mobile has conditionally agreed to subscribe for and SPD Bank has conditionally agreed to issue 2,207,511,410 A Shares, at a total cash consideration of RMB39,801,430,722.30 (equivalent to approximately HK$45,255 million).
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CNOOC Ltd. (CEO) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. (Hong Kong, April 21, 2010) - CNOOC Limited (the “Company" or “CNOOC Ltd.”, NYSE: CEO, SEHK: 0883) today announced that Huizhou oilfields, which suspended production after being hit by Typhoon Koppu in September 2009, have restarted production in full scale.
Currently the operations of Huizhou oilfields are running smoothly, with daily production of 45,000 barrels of oil and over 40 million cubic feet of natural gas.
Huizhou oilfields halted production after part of their production facilities were damaged from the strike of typhoon Koppu in September 2009 (relevant news please refer to
http://www.cnoocltd.com/encnoocltd/newszx/news/2009/1280.shtml).
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China BAK Battery, Inc. (CBAK) files 8-K - Current report. On April 8, 2010, the Company entered into a nonqualified stock option agreement (the “Stock Option Agreement”) with Dr. Huanyu Mao, Chief Technology Officer and a director of the Company, to grant an option (the “Option”) to purchase 100,000 shares of the Company’s common stock, at a price of $2.43 per share. The Option will expire on September 30, 2017, or in the event of Dr. Mao’s termination of service to the Company, or any earlier date provided for under the Company’s stock option plan. The Option vests over a period of two years as follows: The Option vests and becomes exercisable as to 12,500 shares of Common Stock on October 1, 2010, and as to an additional 12,500 shares of Common Stock at the end of each subsequent quarter until fully vested, except that the Option will vest immediately in full upon the Company’s consummation of a merger, consolidation or sale of all or substantially all of its business or assets. The Option is not transferable except in certain limited circumstances, and may only be exercised by Dr. Mao or his legally authorized representative during Dr. Mao’s lifetime. This brief description of the terms of the Stock Option Agreement is qualified by reference to the provisions of this agreement.
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Origin Agritech Limited (SEED) files S-8 - Securities to be offered to employees in employee benefit plans. The following documents that we have previously filed with the Securities and Exchange Commission (“SEC”) are incorporated by reference in this Registration Statement:
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our Annual Report on Form 20-F for the fiscal year ended September 30, 2009, filed on January 14, 2010;
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each of our reports on Form 6-K filed on November 25, 2009, December 23, 2009 and January 14, 2010; and
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the description of the Ordinary Shares contained in our Registration Statement on Form 8-A, filed on October 18, 2005 (SEC File No. 000-51576), and any other amendment or report filed for the purpose of updating such description.
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China Armco Metals, Inc. (CNAM) files 8-K - Current report. On April 20, 2010 China Armco Metals, Inc. ("we", "us", or "our") entered into a Securities Purchase Agreement with nine accredited and institutional investors for the sale of 1,538,464 shares of our common stock at an offering price of $6.50 per share resulting in gross proceeds to us of $10,000,016. At closing we will also issue the purchasers five year common stock purchase warrants to purchase an additional 1,538,464 shares of our common stock at an exercise price of $7.50 per share. The warrants are exercisable commencing 181 days following issuance.
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CNOOC Ltd. (CEO) files 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]. (Hong Kong, April 19, 2010) - CNOOC Limited (the “Company" or “CNOOC Ltd.”, NYSE: CEO, SEHK: 0883) announced today that the Company has successfully made an important new discovery – Penglai(PL)9-1 in the Eastern Bohai Bay.
The new discovery -- PL9-1 is located in the Miaoxibei Uplift in the Eastern Bohai Bay. The discovery well PL9-1-2 penetrated oil pay zones with total thickness of 77 meters and fractured zone of buried hill with total thickness of 158 meters. The well drilled to a total depth of 1,505 meters, with water depth of about 29 meters.
The Company has conducted drill stem test for three layers, and during the test the well flowed at an average rate of 540 barrels of oil per day.
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Biostar Pharmaceuticals Approved for Listing on NASDAQ Global Market. XIANYANG, China, April 22 /PRNewswire-Asia-FirstCall/ -- Biostar Pharmaceuticals, Inc. (OTC Bulletin Board: BSPM) ("Biostar" or "the Company"), a Xianyang-based manufacturer of a leading over-the-counter Hepatitis B medicine, Xin Aoxing Oleanolic Acid Capsules ("Xin Aoxing"), and a variety of pharmaceutical products, today announced that the Company was approved by NASDAQ to list its common stock on the NASDAQ Global Market. The Company's listing application was reviewed and approved by NASDAQ's Listing Qualifications Department for compliance with all of NASDAQ's standards.
The Company's common stock will commence trading on the NASDAQ Global Market under the ticker symbol BSPM on April 23, 2010.
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Guangshen Railway Announces 2009 Annual Results and 2010 First Quarterly Results. HONG KONG, April 22 /PRNewswire-Asia/ -- Guangshen Railway Company Limited ("Guangshen Railway" or the "Company") (HKEx Share Code: 525; SSE Share Code: 601333; American Depositary Shares ("ADS") Ticker Symbol: GSH) today announced the audited operating results for the year ended December 31, 2009 (the "Year") and the unaudited operating results for the first quarter ended March 31, 2010 of the Company and its subsidiaries (the "Group").
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Suntech Celebrates Earth Day, Bringing Clean Power to Communities From Texas to East Africa. SAN FRANCISCO, April 22 /PRNewswire-Asia/ -- Suntech Power Holdings Co., Ltd. (NYSE:STP - News), the world's largest manufacturer of crystalline silicon solar panels, today announced its participation in Earth Day activities across the world. With a focus on the expansion of awareness and adoption of solar energy, Suntech will take part in educational events and panel donations in communities from Austin, Texas to Morogoro, Tanzania.
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Trina Solar Introduces Powerful Utility Scale Solar Module. CHANGZHOU, China, April 22 /PRNewswire-Asia-FirstCall/ -- Trina Solar Limited (NYSE: TSL) ("Trina Solar" or the "Company"), a leading integrated manufacturer of solar photovoltaic (PV) products from the production of ingots, wafers and cells to the assembly of PV modules, today announced that its subsidiary, Changzhou Trina Solar Energy Co., Ltd., is launching its new utility-scale solar module ("TSM-PC14"). Trina Solar will unveil the new TSM-PC14 in May at Solarexpo 2010 in Verona, Italy. The utility-scale module is Trina Solar's most powerful module to date and is targeted to be available for sale in the European and North American markets in the fourth quarter of 2010.
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Tianyin to Present at 5th Annual Biomedical Forum by Sino American BioPharmaceutical Association. CHENGDU, Sichuan, China, April 21 /PRNewswire-Asia-FirstCall/ -- Tianyin Pharmaceutical (NYSE Amex: TPI) was invited by Sino American Biopharmaceutical Association (SABPA) to present at its 5th Annual Biomedical Forum held at Irvine, California on April 24th, 2010. SABPA Biomedical forum focuses on innovations in pharmaceutical and biotechnology industries, as well as business opportunities to thrive in the new economy. The forum provides an attractive platform for entrepreneurs, scientists, investors, executives and policy makers to promote life sciences, biotechnology, pharmaceutical, medical devices and alliances across the biomedical industry.
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 |  | The China 100 Stock Index closed Thursday, April 22, 2010: 1,020.91 5.72 (0.56 %) |  |  | China Organic Agricultr (CNOA) led the Gainers closing 4/22/2010: 0.65 0.05 (8.33 %)
|  |  | Yanglin Soybean Inc. (YSYB) was the Index biggest loser closing 4/22/2010: 2.30 0.35 (13.21 %)
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 |  | The China Vesting Large Cap Stock Index (Panda) closed Thursday, April 22, 2010: 1,057.67 6.82 (0.65 %) |  |  | Ctrip.com International Ltd. (CTRP) led the Index closing 4/22/2010: 38.06 2.03 (5.63 %)
|  |  | E-House (China) Holdings Limited (EJ) was the Index biggest loser closing 4/22/2010: 17.11 0.40 (2.28 %)
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 |  | The China Vesting Small and Mid Cap Stock Index (Tiger) closed Thursday, April 22, 2010: 1,034.07 8.00 (0.78 %) |  |  | Telestone Technologies Corp. (TSTC) led the Index closing 4/22/2010: 14.53 0.88 (6.45 %)
|  |  | 51job Inc. (JOBS) was the Index biggest loser closing 4/22/2010: 17.20 1.10 (6.01 %)
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 |  | The China Vesting Undervalued Stock Index (Dragon) closed Thursday, April 22, 2010: 955.96 0.58 (0.06 %) |  |  | China Organic Agricultr (CNOA) led the Index closing 4/22/2010: 0.65 0.05 (8.33 %)
|  |  | Yanglin Soybean Inc. (YSYB) was the Index biggest loser closing 4/22/2010: 2.30 0.35 (13.21 %)
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