New Sea Union Telecom Development Co., Ltd. (NSU) was established with an investment of 53.1 million RMB Yuan (approximately US$ 6,622,600.00) by four shareholders, i.e. Shanghai Alliance Investment Co., Ltd., China United Assets Management Co., Ltd., Suzhou Financial Group of SIP, and NSU.
Since its establishment in early 1997, NSU has been operating diligently and developing in a favoriable way. Presently the total assets of NSU amount to approximately 400 million RMB yuan, including, an area of 150 Chinese mu (equivalently 15,000 square meters) of land in the industrial park, with a property of 11 typical buildings of workshops and approximately 60,000square meters of modern office building, production base, and a technial training building, among others. By the end of 2005,the accumulated sales income had reached about one billion RMB Yuan...[
MORE]