China GrenTech Corp Limited (ADR) (NASDAQ:GRRF)
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A provider of wireless coverage products and services in China and also a developer of radio frequency, or RF, technology.
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A provider of wireless coverage products and services in China and also a developer of radio frequency, or RF, technology.
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GRRF penned a major agreement w/ China Telecom back in Sept 2008 to supply CDMA equipment. China Telecom has announced it will invest approximately $4 billion US in Phase I of the CDMA network construction to enlarge network capacity and improve coverage quality in major cities, and in rural areas with high population density. I really like the growth potential of the Chinese economy (wish I could say the same for the US) and this stock in particular. Got in at $0.80, watched it double today, going to ride it to $5/share.