http://chaintek-united.com/

China Chaintek United Co., Ltd, through its operating subsidiary Xingtai Logistics which was founded in 2000, principally provides domestic logistics services to fast moving consumer goods manufacturers in Jinjiang City, Fujian Province, China. The Group is now one of the largest providers of logistics services to domestic sports shoes and apparel manufacturers in China. The Group has a long-standing client base of over 60 manufacturers based in Fujian Province and six of its top ten clients by revenue in 2011 are publicly listed in Hong Kong, USA, Malaysia or Singapore. The Group has two business divisions: Logistics Services Business and Inventory Solution Business Logistics Services Business is focussed on providing logistics connections between the Group's manufacturer client base and their retail markets in the PRC using a network of eight independent Transport Agents. Efficiencies are achieved for both the Transport Agents and the manufacturers by consolidating the goods of several manufacturers to be delivered to similar destinations at the same time thereby increasing the loading rate on the Transport Agents' trucks and reducing the per unit transportation cost. Inventory Solutions Business is focussed on providing outsourced inventory storage and management services including sorting, packing, labelling and short term storage. This Inventory Solutions Business was launched in 2010 as the Directors perceived a demand from the Group's existing clients for the provision of the above services which would otherwise be conducted in-house by manufacturers. Manufacturers in China acknowledge that managing logistics and warehousing continues to be not only a complex, but also a relatively costly, part of operations. Performance can also be hampered by the availability of experienced staff, especially at a managerial level with increasing wages. As a result, the Directors believe these services will reduce warehousing costs of the manufacturers and will assist in retaining excellent relationships with the Group's key clients.

The Group has two business divisions: Logistics Services Business and Inventory Solutions Business.


Logistics services business -

This division is focussed on providing logistics connections between the Group’s manufacturer client base and their retail markets in the PRC using a network of eight independent Transport Agents. Efficiencies are achieved for both the Transport Agents and the manufacturers by consolidating the goods of several manufacturers to be delivered to similar destinations at the same time thereby increasing the loading rate on the Transport Agents’ trucks and reducing the per unit transportation cost.

Inventory Solutions Business -


This division is focussed on providing outsourced inventory storage and management services including sorting, packing, labelling and short term storage. This Inventory Solutions Business was launched in 2010 as the Directors perceived a demand from the Group’s existing clients for the provision of the above services which would otherwise be conducted in-house by manufacturers. Manufacturers in China acknowledge that managing logistics and warehousing continues to be not only a complex, but also a relatively costly, part of operations. Performance can also be hampered by the availability of experienced staff, especially at a managerial level with increasing wages. As a result, the Directors believe these services will reduce warehousing costs of the manufacturers and will assist in retaining excellent relationships with the Group’s key clients.

Up 20% on the midas tip

AGM Trading Update

RNS


RNS Number : 5210H

China Chaintek United Co., Ltd

20 May 2014









Press Release

20 May 2014




China Chaintek United Co., Ltd



("Chaintek" or the "Company")



AGM Trading Update



Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to announce the following trading update ahead of its Annual General Meeting which is being held at 10:30 a.m. today in London.



The Board confirms that trading across the Group is in line with market expectations for the current financial year. As previously outlined, the management team remain focused on the planned strategy for growth and construction of the new Logistics Park will commence in Q4 2014. The Group will issue a more detailed interim trading update to the market in the first week of August 2014.



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20 May Daniel Stewart 300.00 Buy

Update on Government Policy re. Logistics Sector
RNS
RNS Number : 2705T
China Chaintek United Co., Ltd
03 October 2014





Press Release
3 October 2014




China ChaintekUnited Co., Ltd



("Chaintek" or the "Group")



Update on Government Policy re. Logistics Sector Development



Chaintek (AIM: CTEK), the provider of logistics services to manufacturers of consumer goods in China, is pleased to provide an update on the development of PRC state government policies in regards to the development of the logistics sector in China.



The Ministry of Commerce of the People's Republic China has published a range of suggestions on 24 September 2014 on how to achieve the objectives set out by the State Council in the 2014 "Long Term Planning for Logistics Market" report. Collaboration between e-commerce companies and logistics companies, encouraging development of one-stop-services in the logistics sector, land rebate policies, improving information flow in the country and, improving transportation network have all been identified as solutions to strengthen the logistics sector in China.



Xu Meijin, Chief Executive Officer of Chaintek, commented: "We are pleased to see that guidelines have been made by the national government of China on implementing its long term strategy to strengthen the logistics sector. These guidelines are likely to push forward local governments' effort in collaboration with logistics companies. As a modernised logistics firm committed to providing one-stop logistics services, Chaintek anticipates benefiting from these related government policies. This will provide Chaintek with good foundations to further expand and diversify our business."



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Any thoughts on this one dc? It looks a absolute dog but with a very tempting divi coming up. The broker targets are an absolute joke and no matter how many relatively good RNS come out, the sp continues it's relentless slide.

In this in the very early days Harry, seemed to do quite well then. From memory the company announced plans for a new warehouse, then the sp seemed to just head South. I would avoid most Chinese company's. All seem to tick along for a few months and then as said head South. Been out, sorry for the delayed answer. Camkids (CAMK0 much the same. Mind you I see this has bounced 20% today