Eratat

China Eratat Sports Fashion Limited (“China Eratat” or the “Company”) wishes to announce that Mr Lin Jiancheng, its founder, Executive Chairman and CEO, on 21 May 2009 purchased 120,325,000 ordinary shares of the Company (“Shares”) at the price of S$0.125 for each Share, representing approximately 29.0% of the issued and paid-up share capital of the Company through his wholly-owned company Sunny Joy Limited. Together with his current direct shareholding of 1,200,000 Shares, Mr Lin Jiancheng now owns approximately 29.3% of issued and paid up capital of the Company, thus becoming the single largest controlling shareholder. Mr Ye Sanzhi, currently the non-executive Director, on 21 May 2009 purchased 32,175,000 ordinary Shares at the price of S$0.125 for each Share, representing approximately 7.8% of the issued and paid up share capital of the Company. Mr Ye Sanzhi will become an Executive Director of the Company with effect from 1 June 2009. Even some investors out there may not thing that China Eratat is undervalued....but top management definitely think otherwise....they showed it by buying China Eratat BIG TIME!!

i agree profit & revenue have gone up a lot. the stock is cheap on PE valuation. another gem waiting to rebound? as for the chairman\'s big purchase, i am puzzled: 1. how come as founder he had so little shares prior to the recent big purchase? 2. how did he pay for the big purchase? If cash, where he got so much cash? 3. will he do a Zaino soon? hehehehe Zaino chairman made big purchase fr existing shareholder - then a few weeks later, sold them to institutional investors, etc. Made a quick buck but spoilt his own reputation.

ALL numbers look good and great. Sit back and relax, wait for Q1 result and collect dividend. Numbers too good to be true! Will load more if Q1 continue to show good result.

Testing 15 cents.....

There was a mention in BT today that Eratat and some other peers trading at 1-3 X PE. so cheap, !!!

CHINA ERATAT SCORE HIGH IN FIRST QUARTER RESULTS Revenue grew by more than 50% Overall gross profit margin rose to 31.6% Net profit increased by 24.7% to RMB35.4 million