"The Share Transfer Agreement and transactions effected thereby are part of the corporate restructuring that the Company is completing in connection with its proposed listing of Jinzhou Halla's shares on the Shenzhen Stock Exchange."
Hopefully, management will explain, in detail, how today's news is a step to the IPO.
"The Company will hold a conference call at 8 am Eastern Time on Jan 3rd 2011 to discuss the proposed listing of Jinzhou Halla on the SZSE, including the expected schedule, returns, risks and related matters."
Just out of curiosity, what happens if they moved the whole company over to another exchange? It seems pretty safe to assume that this would be worth virtually DOUBLE it's current valuation if they listed the whole company on the Shenzhen exchange.
I know enough about automobiles and engines to know that all of the parts they make are good product lines (especially focusing on parts for small displacement motors) Their level of quality must also be excellent considering the companies that they supply.