The company will stop engaging in property development and will turn to solely focusing on commercial management. The relevant parties will strive to take the company public as soon as possible, the statement said.
The completed turnover of foreign contracted projects in B&R countries was .89 billion, down 4.4 percent from the same period last year, accounting for 54.7 percent of the country's total completed turnover of foreign contracted projects.
The company posted a net profit attributable to shareholders of 373.59 million yuan (.8 million) in the first nine months of this year, iFlytek said in an announcement of its financial results for the third quarter on Thursday.
The company said it will adjust the price in accordance with passenger flow volume.
The company saw its gold output hit 19.5 tons in the first half, while sales reached 12.61 tons.
The company plans to offer 67,387,110 American Depositary Shares (ADSs) at a price range of .50to .00 apiece, according to its latest prospectus filed with the US Securities and Exchange Commission.
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The company managed to reduce reserves in over 7,000 storehouses by 100 million metric tons of corn, 17 million metric tons of unhusked rice, 10.66 million metric tons of wheat, over 2 million metric tons of soybeans, 420,000 metric tons of rapeseed oil and 2.5 million metric tons of cotton, Deng said.
The company's smart preschool screening robots to date have been used in over 30,000 kindergartens in China.
The company started trading on May 2 under the ticker symbol of "KXIN" after its business combination with CM Seven Star Acquisition Corporation, a Chinese blank check company formed for the purpose of entering into business ties with one or more businesses.
The company will replace the defective reflectors free of charge.