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| Jitong Network Communications Company Limited |
| East Wing, 9th Floor Beijing Capital Times Square, No. 88 West Chang An Ave, Beijing, Channel Islands 100031 |
| Business Description | The company is a network service provider in China using Internet communications standards. The company is one of five companies licensed by the Chinese government to offer commercial data communications services and voice communications services nationwide using these standards. |
|
Filing Information Not yet | |||
| To Trade As | CNJT (NASNTL) | Industry | Telecommunications (SIC 4813) |
| Type of Stock Offered | American Depositary Receipts | Filing Date | 11/3/00 |
| Domestic Shares Filed | 16,198,750 | Filing Range | $11.28 - $14.88 |
| Foreign Shares Filed | 0 | Offering Amount | $211,879,649 |
| Company Shares | 16,198,750 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Dresdner Kleinwort Benson | Lead Manager | (212) 429-2000 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 5 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/99 | 5/31/00 | |||||
| Revenues | - | - | - | - | 23.485 | - | 21.313 |
| Income from Oper. | - | - | - | - | -5.691 | - | -4.975 |
| Net Income | - | - | - | - | -7.657 | - | -5.933 |
| E.P.S | - | - | - | - | -0.168 | - | -0.112 |
| Revenue Growth (%) | - | - | - | - | - | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 5/31/00 | Financial Ratios | ||||
| Total Assets | 91.61 | Current Assets | - | Current Ratio | - |
| Total Liab. | 70.63 | Current Liab. | - | Debt Ratio | 77.09% |
| Total Equity | 20.98 | Working Cap. | 5.10 | Debt to Equity Ratio | 3.37 |
| Cash | 24.57 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to expand network coverage and upgrade management information system, repay bank borrowings, establish customer service centers in major Chinese cities and build Internet data centers, sites with Internet servers and network connections intended to be secure from technical failures. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Coudert Brothers |
| Bank's Law Firm | Shearman & Sterling |
| Auditor | Pricewaterhouse Coopers LLC |
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