Post by
manowar99 on Dec 31, 2009 1:20pm
repricing
This is just a repricing due to the increase in revenues acreative from the purchase of the gas powered division from Zonghen Industrial Group. $300, 000, 000 approximately. I believe this is just the beginning of a long run in the stock price. Zonghen Industrial Group is partnered with harley davidson and piaggio in this market. Zongshen Pem will produce Zongshen bikes in their factories and the distribution outlets are already in place throughout china. its just a matter of time before piaggio(vespa) will have their scooters built in Zongshen Pem's factories. Like i said in a earlier post, I was in china last year and zongshen power bikes are everywhere. Piaggio has some scooters built in vietnam now.. i believe china is next as they are imported at this time. Zongshen Pem is well positioned for real growth now. Just some of my thoughts ..glta