November 30, 2009 (FinancialWire) – China In-Focus news last week included (OTCBB: IMOT), (OTCBB: SBAY), (NASDAQ: JOBS) and others:

China XD Plastics Agrees To $15.2 Million Private Placement: November 30, 2009 (FinancialWire) — China XD Plastics Co. Ltd. (NASDAQ: CXDC), a Chinese developer, manufacturer, and distributor of modified plastics primarily for use in the automotive applications in China, said it has entered into a private placement agreement with several institutional and individual investors.
The company agreed to sell an aggregate 15,188 shares of convertible… (continued at http://www.financialwire.net/2009/11/30/china-xd-plastics-agrees-to-15-2-million-private-placement/).

China In-Focus: Lenovo To Buy Mobile Handset Business: November 30, 2009 (FinancialWire) — Lenovo Group (OTC: LNVG) said it is acquiring the entire interest of Lenovo Mobile Communication Technology Ltd. from a group of investors led by Hony Capital, the private equity arm of Legend Holdings.
The acquisition will cost approximately $200 million in cash and Lenovo shares.
According to Lenovo, the deal signals that… (continued at http://www.financialwire.net/2009/11/30/china-in-focus-lenovo-to-buy-mobile-handset-business/).

China In-Focus: SINA Closes Private Equity Financing: November 30, 2009 (FinancialWire) — SINA Corp. (NASDAQ: SINA), a Chinese online media firm, said that a subscription for ordinary shares by New-Wave Investment Holding company Ltd., under an agreement entered into between SINA and New-Wave in September, has been completed.
New-Wave is a British Virgin Islands company established and controlled by Charles Chao, SINA’s president… (continued at http://www.financialwire.net/2009/11/30/china-in-focus-sina-closes-private-equity-financing/).

China In-Focus: Hurray Holding To Buy Ku6: November 30, 2009 (FinancialWire) — Hurray! Holding Co., Ltd. (NASDAQ: HRAY) said the shareholders of Ku6 Holding, an online video portal in China, have agreed to the sale of Ku6 to Hurray!, in an all stock transaction.
Under the deal, all of the outstanding capital shares of Ku6 will be sold to Hurray! and all of… (continued at http://www.financialwire.net/2009/11/30/china-in-focus-hurray-holding-to-buy-ku6/).

China In-Focus: QKL Stores Closes Common Share Offering: November 30, 2009 (FinancialWire) — QKL Stores Inc. (NASDAQ: QKLS), a leading regional supermarket chain in Northeast China, said it has closed a public offering of six million shares of common stock at a purchase price of $5.75 per share. Roth Capital Partners acted as the sole book runner for the offering.
The net proceeds, after… (continued at http://www.financialwire.net/2009/11/30/china-in-focus-qkl-stores-closes-common-share-offering/).

City Telecom Sub Enters Ultra High Speed IP Solutions Partnership: November 30, 2009 (FinancialWire) — Hong Kong Broadband Network Ltd (HKBN), a wholly owned subsidiary of City Telecom  Ltd., (HKSE: 1137) (NASDAQ: CTEL), announced a partnership with Ingram Micro (China) Ltd (Ingram Micro), a wholly owned subsidiary of Ingram Micro Inc (NYSE: IM) for the provision of Corporate “FibreRun,” featuring 25Mbps symmetric fibre based broadband… (continued at http://www.financialwire.net/2009/11/30/city-telecom-sub-has-ultra-high-speed-ip-solutions/).

City Telecom To Be Included In MSCI Hong Kong Small Cap Index: November 27, 2009 (FinancialWire) — City Telecom Ltd. (City Telecom) (HKSE: 1137) (NASDAQ: CTEL) announced that the company will be included as a constituent of the MSCI Hong Kong Small Cap Index (Index), effective 30 November 2009.
This inclusion signifies that City Telecom has met global standards in terms of full company market capitalization, free float-adjusted… (continued at http://www.financialwire.net/2009/11/27/city-telecom-to-be-included-in-msci-hong-kong-small-cap-index/).

China In-Focus: WSP Holdings Authorizes $10 Million Buyback: November 27, 2009 (FinancialWire) — WSP Holdings Ltd.’s (NYSE: WH) board has approved a share repurchase program.
Under the program, WSP Holdings is authorized to repurchase up to $10 million of outstanding American Depositary Shares, each representing two ordinary shares of the company, over the next six months.
China-based WSP Holdings develops and manufactures seamless casing, tubing… (continued at http://www.financialwire.net/2009/11/27/china-in-focus-wsp-holdings-authorizes-10-million-buyback/).

China In-Focus: SkyPeople Fruit Juice Buys Yingkou Trusty Fruits: November 27, 2009 (FinancialWire) — SkyPeople Fruit Juice, Inc. (AMEX: SPU), a processor and manufacturer of concentrated fruit juices in China, said it has acquired 100% ownership of Yingkou Trusty Fruits Co., Ltd. for an aggregate purchase price of approximately $3.3 million.
The company said the acquisition will expand SkyPeople’s annual concentrated apple juice production capacity… (continued at http://www.financialwire.net/2009/11/27/china-in-focus-skypeople-fruit-juice-buys-yingkou-trusty-fruits/).

China In-Focus: China Green Agriculture Closes $20 Million Stock Offering: November 27, 2009 (FinancialWire) — China Green Agriculture, Inc. (AMEX: CGA), a Chinese producer and distributor of fertilizer has completed a registered direct offering with several select institutional investors for 1,282,052 shares of its common stock at a price of $15.60 per share, resulting in gross proceeds of $20,000,011.20.
A subsidiary of Rodman & Renshaw Capital… (continued at http://www.financialwire.net/2009/11/27/china-in-focus-china-green-agriculture-closes-20-million-stock-offering/).

China In-Focus: Ju Named To China North East Petroleum Board: November 25, 2009 (FinancialWire) — China North East Petroleum Holdings Ltd. (AMEX: NEP), an independent oil producing and oilfield services company in Northern China, has appointed Guizhi Ju to the company’s board. Ju replaces Yu Liguo, who has resigned for personal health reasons.
Ju has more than 25 years of company leadership and management experience. She… (continued at http://www.financialwire.net/2009/11/25/china-in-focus-ju-named-to-china-north-east-petroleum-board/).

China In-Focus: Apollo Solar Eyes $9 Million Private Placement: November 25, 2009 (FinancialWire) — Apollo Solar Energy, Inc., (OTCBB: ASOE) said it has entered into a definitive agreement for the private placement of securities to certain accredited investors, which is expected to result in aggregate gross proceeds to the company of $9 million.
On November 20, the company reported entry into a definitive agreement to… (continued at http://www.financialwire.net/2009/11/25/china-in-focus-apollo-solar-eyes-9-million-private-placement/).

China In-Focus: China Green Agriculture Eyes $20 Million Financing: November 24, 2009 (FinancialWire) — China Green Agriculture, Inc. (AMEX: CGA), a producer and distributor of humic acid-based compound fertilizer in China, has entered into agreements to sell 1,282,052 shares of its common stock at a price per share of $15.60 for gross proceeds of approximately $20 million.
The shares are being sold under the company’s… (continued at http://www.financialwire.net/2009/11/24/china-in-focus-china-green-agriculture-eyes-20-million-financing/).

China In-Focus: 51job Seeks CFO: November 24, 2009 (FinancialWire) — Chinese HR services firm 51job, Inc. (NASDAQ: JOBS) said that Peter Lui has resigned as chief financial officer effective immediately, due to personal reasons. While the company commences a search for his successor, Kathleen Chien, chief operating officer and former chief financial officer, will assume responsibility for the company’s finance… (continued at http://www.financialwire.net/2009/11/24/china-in-focus-51job-seeks-cfo/).

China In-Focus: Subaye Starts Investor Website: November 24, 2009 (FinancialWire) — Subaye, Inc. (OTCBB: SBAY) a video advertising and entertainment media company in China, said it has launched an investor relations website.
company CEO Zhiguang Cai, chief executive officer said “The website is designed with both our current and future investors in mind.”
China-based Subaye is a video advertising and entertainment media provider… (continued at http://www.financialwire.net/2009/11/24/china-in-focus-subaye-starts-investor-website/).

China In-Focus: Lee Named COO Of Renamed Intermost: November 24, 2009 (FinancialWire) — Intermost Corp. (OTCBB: IMOT) said it has filed an application to change its name to Uni Core Holdings Corp. as an aggressive ‘company doctor’ and ‘incubator’ of mid- to large-size companies in China. The company also named Thomas Lee as its chief operating officer retroactive from November 18, 2009. Lee… (continued at http://www.financialwire.net/2009/11/24/china-in-focus-lee-named-coo-of-renamed-intermost/).

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