Rongji Software To Set Up Investment Subsidiary

   Date:2012/04/24     Source:

Fujian Rongji Software (002474), a provider of software, systems integration, and technology services, plans to set up an investment company, Fujian Rongji Investment, for 50 million yuan, reports Yicai, citing a company filing.

Fujian Rongji Investment will not invest in the securities, real estate, minerals, and trust sectors. It will mainly invest in emerging industries, and in assets related to its parent’s business.

Fujian Rongji Software posted a 34.34 percent year-on-year rise in first quarter net profit to 36.12 million yuan on revenue of 127 million yuan, up 52.33 percent.

The company anticipates a 20-50 percent year-on-year rise in first half 2012 net profit.

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