| Business Summary | | Asia
Fiber
Holdings
Limited
is
the
holding
company
for
Far
Beyond
Investments
Limited.
Far
Beyond
owns
a
70%
equity
interest
in
Harbin
Asibao
Chemical
Fiber
Company
Limited
(Asibao),
a
Sino-foreign
joint
venture
company
that
manufactures
and
sells
polyester
fiber
products.
Asibao
currently
produces
polyester
staple
fiber
and
polyester
filament,
its
two
main
products.
Asibao
sells
polyester
staple
fiber
with
approximately
50
different
specifications
under
the
brand
name
of
Yin
Chau.
It
sells
polyester
filament
with
approximately
25
different
specifications
kinds
under
the
brand
names
Asibao,
Baiyu
and
Yinling. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | AFBR's
only
significant
asset
is
its
100%
equity
interest
in
Far
Beyond.
Far
Beyond
has
a
70%
equity
interest
in
Asibao,
which
manufactures
and
sells
polyester
fiber
products.
For
the
three
months
ended
3/31/01,
sales
fell
15%
to
RMB88.9
million.
Net
income
fell
44%
to
RMB6.0
million.
Revenues
reflect
a
decrease
in
sub-standard
fiber
sales
and
the
selling
price
of
polyester
staple
fiber.
Net
income
also
reflects
an
increase
in
the
purchase
price
of
polyester
chips. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Lung-Po Ching, 53 | Chairman | Rui-Min Zhao, 51 | Pres,
Vice Chairman | Feng-Jie Liu, 52 | CFO,
Director | Ming-Xue Liu, 52 | VP,
Director | Wai-On Wan, 26 | Sec.,
Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|