China Securities Regulatory Commission Passed Metersbonwe IPO This Week.

The China Securities Regulatory Commission announced yesterday that the issuance of the audit committee will be called on the 20 day of 2008 for the eighty-fifth issue of the audit committee meeting. The meeting will consider the application of Guangdong Sheng Lu communications Polytron Technologies Inc, Shanghai Metersbonwe service Limited by Share Ltd, and Shandong's IPO machine (three) to avoid the application of the initial public offering. According to the prospectus, three companies IPO intends to raise over 2 billion 300 million yuan.

According to the prospectus information, Metersbonwe intends to issue 70 million shares of A shares, and intends to raise funds 1 billion 800 million yuan for internal reference, two projects for marketing network construction and information system improvement.

Metersbonwe's net assets per share were 1.34 yuan.