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Amoi Electronics Faces Share Trading Suspension.

SinoCast China IT Watch

| August 11, 2008 | COPYRIGHT 2008 Sinocast LLC. (Hide copyright information)Copyright

XIAMEN, August 12, SinoCast -- Chinese regulators may ban Amoi Electronics Co. Ltd. (SHSE: 600057) from continuing share trading on the Shanghai Stock Exchange in 2009, sinking the Chinese telecoms equipment provider into a tougher struggle for rally.

Listed companies on the Chinese stock market are forced to suspend share trading after three years of losses, said the China Securities Regulatory Commission, adding that they would be allowed to apply for trading resumption if it became profitable again in the first half year of the suspension.

Under the current accounting standards in the country, the company's net profit was minus in 2006. And in the …

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