Bit of an upbeat China message from ADFN today. - Sentiment was repaired somewhat on Thursday on the back of a Reuters report saying that China told banks to issue more loans in the final months of 2014 to boost lending. The People's Bank of China has also reportedly relaxed limits on banks' loan-to-deposit ratios and is allowing lenders to give out a record 10trn yuan (£1.03trn) in loans over 2014 as a whole.
News posted on JQW site today: as below:The Directors of JQW plc, a domestic Chinese B2B e-commerce operator, note the recent fall in the Company's share price and are not aware of any reason for this decline from a corporate perspective. The Directors are pleased with the performance of the Group in the current financial year and confirm that JQW continues to trade in line with current market expectations. The Board notes that the restrictions under the Lock-In and Orderly Market Agreements as set out in the Admission Document dated 9 December 2013 have now changed with effect from yesterday. Pursuant to the terms of these agreements, the Company's Nominated Adviser has today received a request from one of the orderly market parties for consent to sell approximately 2 million shares in the Company. In the meantime, the Company will continue to monitor its share register and will notify the market if it becomes aware of any further breaches of the Lock-In and Orderly Market Agreements.
Thanks for the email address I have sent my concerns.
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