Chinese military contractor Jihua prices IPO

[xinhui]

Chinese military contractor Jihua prices IPO
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Chinese military contractor Jihua prices IPO - MarketWatch

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Alert Email Print Share By Chris Oliver

HONG KONG (MarketWatch) -- China's largest military contractor Jihua Group Corp. may raise up to 4.1 billion yuan ($597 million) from its Shanghai initial public offering, after pricing its shares in a range of 3.08 yuan to 3.50 yuan, according to reports Tuesday. Jihua, a maker of military uniforms, plans to sell about 1.16 billion shares, equivalent to a 30% share of its enlarged capitalization, as part of its public offering set for the Shanghai Stock Exchange. Subscriptions for the IPO are reportedly due to open Aug. 3-4

[xinhui]

funding the People's Army, capitalist style

[Mihais]

When I read ''contractor'' I was instantly thinking of PMC's. Then I learned they're innocent uniforms maker(which look good,btw).Of course,being able to take all the abuse is a much important characteristic.What are the troops saying about the digital pattern uniform?

Speaking of mercs,are there any ''private'' paramilitary forces guarding Chinese interests overseas?

[xinhui]

People's war has been out sourced.

from Dennis blasko.
single - The Jamestown Foundation[tt_news]=36166&tx_ttnews[backPid]=13&cHash=56137daa72

Today, people’s war principles are seen in many training events practiced by the Chinese armed forces and civilian populace, especially in anti-terrorist, nuclear and chemical defense, and air raid drills. People's war is also revealed in the extensive "socialization" or "outsourcing" of many logistics functions to the civilian sector (See "Chinese Military Logistics: The GLD System," China Brief, September 29, 2004). Civilian support is especially necessary for air and sea transport of personnel and equipment over long distances.

Speaking of mercs,are there any ''private'' paramilitary forces guarding Chinese interests overseas?

No, but there are ex-PLA in the FFL