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World Tibet Network News Thursday, October 3, 1996

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7. Tibet Jinzhu to raise 76.2 mln yuan from issue (Reuter)

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SHANGHAI, Oct 3 (Reuter) - Tibet Jinzhu, the third Tibetan firm to list on
the Shanghai stock exchange, will issue 15 million A shares to raise 76.2
million yuan ($9.2 million), a company statement said on Thursday.

Tibet Jinzhu, a trading company, will issue the shares at 5.36 yuan each
from October 7 to October 15, and invest the money largely in agricultural,
mining and processing projects to help the firm expand beyond its trading
business, it said.

After the issue, the A shares will account for 28.96 percent of the
company's share capital, with the remaining 36.8 million shares held by
state-owned institutions in Tibet, it said.

In the first half of 1996, the company posted net profits of 7.44 million
yuan on turnover of 84.4 million yuan, and it forecast net profits of 16.7
million yuan on turnover of 237 million yuan in all of 1996.
($1 = 8.3 yuan)

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Articles in this Issue:

1. Peking's poison fails to touch Tibetan hearts (Independent)
2. This document damns China over Tibet (Guardian)
3. Microsoft - Issued instructions on removing offensive Chinese slogans (WSJ)
4. Educational plans for Tibet slammed (UPI)
5. Tibet to establish schools in every town -report (Reuter)
6. Stocks stir capitalism in Tibet (Reuter)
7. Tibet Jinzhu to raise 76.2 mln yuan from issue (Reuter)

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