Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email in the first instance.

 Information  X 
Enter a valid email address

Jarlway Holdings plc (PFIT)

  Print      Mail a friend

Monday 26 March, 2007

Jarlway Holdings plc

Re Joint Venture

Jarlway Holdings plc
26 March 2007

Date:               26 March 2007

On behalf of:       Jarlway  Holdings PLC ('Jarlway' or the 'Company')

                              Jarlway Holdings PLC

                                 Joint Venture

Jarlway is pleased to announce that, following approval by the Chinese
government, it has formed a joint venture, Jarlway-Lishitong Machinery Inc. ('
Jarlway-Lishitong'), with Guangdong Lishitong Machinery Co. Ltd. ('Guangdong
Lishitong'), a predominantly state-owned Chinese manufacturer of engineering

Jarlway-Lishitong has been capitalised at RMB 5.0 million (approximately
£330,000), of which Jarlway will contribute RMB 3.5 million (approximately
£230,000) in return for a 70% interest and Guangdong Lishitong  will contribute
RMB 1.5 million (approximately £100,000) for the remaining 30% The contributions
will be made in cash and rateably in three, roughly equal installments, over the
next 12 months.

The joint venture, which has an agreed term of 15 years, has been created in
order to utilise Guangdong Lishitong's currently under-employed plant and
machinery, as well as its skilled employee base, both of which will be made
available to Jarlway-Lishitong on a priority basis.  It is expected that the
invested capital of RMB 5.0 million will provide the necessary working capital
for the joint venture's expected production for the first 12 months of
operation.  There is no obligation on either party to make further contributions
to the joint venture. The additional capacity available to Jarlway through the
joint venture is expected to increase the Company's current capacity by about

Jarlway-Lishitong intends to exploit the continuing growth of the construction
machinery market in China. The Company's Directors believe that China's current
five-year national development plan will continue to underpin state investment
in national infrastructure. In particular, the Directors believe that the
northwest region will be a key area of growth. They further believe that
international demand for Chinese construction machinery will also continue to
grow, as the quality and value offered by Chinese products becomes increasingly
recognised globally.

Jarlway-Lishitong is initially expected to manufacture line pumps as well as
hydraulically operated, truck mounted cranes. Jarlway does not currently
manufacture this latter product itself. The Directors are confident there is
significant market demand for both these products.

Mr. Wu Zhijia, the Chairman of Jarlway, commented:

'This joint venture strengthens the Company's production capacity significantly,
while not requiring a substantial capital investment, and within a faster
timeframe than if we were to build an equivalent manufacturing facility
ourselves. It will also significantly strengthen our research and development
capability and help us to continually develop and expand our product range.
Combined with Jarlway's extensive sales and after sales network, and our
reputation for quality and value, Jarlway will be well positioned to capture a
larger share of the ever-growing market for construction machinery in China.'

                                    - Ends -

For further information:

Jarlway Holdings plc
David Thomas                                                    +44 7753 457 931
Ng Chichor                                                       +86 13316269616
Nominated Adviser
Nabarro Wells & Co. Limited
Robert Lo                                                       +44 20 7710 7400

                      This information is provided by RNS
            The company news service from the London Stock Exchange