Notice Of The Nanjing Textiles Import And Export Limited By Share Ltd About Suspension Of Business
Securities abbreviation:
Nanfang Textile Co., Ltd.
Stock Code: 600250 Code: pro 2010-16.
Nanjing textiles import and export Limited by Share Ltd about company stock
Suspension
Announcement
The board of directors and all directors of the company guarantee that there is no false record, misleading statement or major omission in the contents of this announcement, and shall bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Because of Nanjing
textile
The import and export Limited by Share Ltd (hereinafter referred to as the "company") will discuss important issues in the near future, and the relevant important matters are uncertain.
To avoid abnormal fluctuations in the company's stock price, safeguard the interests of investors and ensure fair information disclosure, the company's stock has been suspended since August 12th.
The company will consult the relevant parties after the suspension, and timely announcement.
Notice hereby.
The board of directors of Nanjing textiles import and export Limited by Share Ltd
August 12, 2010
Information supplement:
In 1-7 months, China's textile and garment industry achieved a total export volume of US $109 billion 667 million, representing an increase of 22.94% over the same period last year, and its growth rate continued to climb at a high level.
In July, exports of textiles and clothing increased by 27.01% over the same month, rising by 11.41% compared to the same period, and export performance was still relatively strong. However, it was also seen that the growth rate of the chain was declining.
The key economic data in the US have not been effectively improved. The decline in demand is still the main factor restricting exports. After the peak of export data in July, the follow-up exports will reflect the demand changes in the European and American markets and maintain a "neutral" investment rating for the entire textile and garment industry.
In terms of stocks, taking into account the growth and early growth in the second half of the year, we recommend the company as good news bird (002154) and American bond (002269), maintaining its "highly recommended" investment rating, giving Weixing shares (002003) and Lu Tai's "prudent recommendation" investment rating.
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