Zhejiang Tianma Bearing Approved to be Listed

Resource from: cbcc-yinx Likes:2928

Mar 01,2007

Zhejiang Tianma Bearing Approved to be Listed Zhejiang Tianma Bearing Co.,Ltd was approved to be listed by China Securities Regulatory Commission on the 2007 19th Session of Issuing Commission Working Conference held on Feb. 9. According to analyst from Southwest Securities, a domestic stock broker, issuing price of Tianma Bearing's stock are expected to be between 30.00 and 35.00 yuan. Tianma Bearing predicted an annual EPS of 1.5 yuan in 2007. Zhejiang Tianma Bearing Co.,Ltd mainly produce cylindrical roller bearings and bearings for goods train. They ranked first in selling cylindrical roller bearings in 2005, seizing 33% of the market share. From 2006 on, they are likely to maintain the market share of 30% in future.

(cbcc-yinx)

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