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	<title>Stock Blog Hub &#187; China Fire &amp; Security Group Inc</title>
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		<title>(CFSG) China Fire &amp; Security Group Buyout Offer Under Scrutiny</title>
		<link>http://www.stockbloghub.com/2011/03/31/cfsg-china-fire-security-group-buyout-offer-under-scrutiny/70132</link>
		<comments>http://www.stockbloghub.com/2011/03/31/cfsg-china-fire-security-group-buyout-offer-under-scrutiny/70132#comments</comments>
		<pubDate>Thu, 31 Mar 2011 19:17:43 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Equipment & Components]]></category>
		<category><![CDATA[Industrial Goods]]></category>
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		<category><![CDATA[China Fire & Security Group Inc]]></category>

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		<description><![CDATA[The buyout offer received earlier this month by China Fire &#38; Security Group Inc. (CFSG) from a global private equity firm is being investigated by Goldfarb Branham LLP. The firm is investigating whether the board of China Fire violated shareholder protection laws in connection with the proposed acquisition. According to Goldfarb Branham, the company offered no extensive details regarding the special committee’s scope of authority, the price offered, the identity of the private equity group or whether management would be partnering with the private equity firm. The investigation seeks to ensure that the directors properly valued the company, maximized value to its shareholders and disclosed full and fair information about the transaction. China Fire, during the announcement of the receipt of the offer, had not disclosed the offer price but ]]></description>
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		<title>(CFSG) China Fire &amp; Security Group Reports Below Estimates</title>
		<link>http://www.stockbloghub.com/2010/04/05/cfsg-china-fire-security-group-reports-below-estimates/32819</link>
		<comments>http://www.stockbloghub.com/2010/04/05/cfsg-china-fire-security-group-reports-below-estimates/32819#comments</comments>
		<pubDate>Tue, 06 Apr 2010 04:20:44 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Equipment & Components]]></category>
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		<category><![CDATA[China Fire & Security Group Inc]]></category>

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		<description><![CDATA[China Fire &#38; Security Group, Inc. (CFSG) reported results for the fourth quarter and fiscal year ended Dec 31, 2009. Earnings During the quarter, China Fire reported a net income of $2.9 million, down from $6.8 million in the same period of 2008. EPS for the quarter was 10 cents versus 24 cents in the fourth quarter of 2008. EPS was also below the Zacks Consensus Estimate of 17 cents. Revenues decreased as a result of the delay in signing the $92 million contract with Wuhan Iron and Steel (Group) Corporation. Decrease in gross margin also pushed earnings down in the fourth quarter of last year. In 2009, net income was $24.4 million, almost flat in comparison to $24.7 million in 2008. Reported EPS was 86 cents, down from 88 ]]></description>
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		<title>(CFSG) China Fire &amp; Security Group Wins $92Million Contract</title>
		<link>http://www.stockbloghub.com/2010/02/09/cfsg-china-fire-security-group-wins-92million-contract/27461</link>
		<comments>http://www.stockbloghub.com/2010/02/09/cfsg-china-fire-security-group-wins-92million-contract/27461#comments</comments>
		<pubDate>Tue, 09 Feb 2010 21:34:48 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Equipment & Components]]></category>
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		<category><![CDATA[CFSG]]></category>
		<category><![CDATA[China Fire & Security Group Inc]]></category>

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		<description><![CDATA[China Fire &#38; Security Group Inc. (CFSG) has signed a total solution contract with Wuhan Iron and Steel Corp. (WISCO) for the Fire Protection Retrofitting Project. WISCO is one of the top three iron and steel companies in China and receives strong government support in accordance with the Iron &#38; Steel Revitalization Scheme. The total value of the contract is estimated at approximately $92 million. According to the contract, CFSG will complete the overall retrofitting project of the fire protection facilities for WISCO&#8217;s 32 plants located in Qingshan, Hubei Province, by the end of 2011. According to the company, China’s retrofitting market from iron and steel groups is estimated to exceed $2 billion in the next 3-5 years. This growth is expected to be driven by the new regulatory requirements ]]></description>
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		<title>(CFSG) China Fire &amp; Security Group Meets Expectations</title>
		<link>http://www.stockbloghub.com/2009/11/11/cfsg-china-fire-security-group-meets-expectations/20252</link>
		<comments>http://www.stockbloghub.com/2009/11/11/cfsg-china-fire-security-group-meets-expectations/20252#comments</comments>
		<pubDate>Wed, 11 Nov 2009 21:35:39 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Equipment & Components]]></category>
		<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[CFSG]]></category>
		<category><![CDATA[China Fire & Security Group Inc]]></category>

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		<description><![CDATA[China Fire &#38; Security Group Inc.&#8217;s (CFSG) reported its third quarter results yesterday. The company posted earnings of 27 cents per share, in line with the Zacks Consensus Estimate. Quarterly EPS was up 17.4% year over year, primarily driven by higher revenues. Revenue in the quarter was $24.8 million, up about 48.2% from the year-ago revenue of $16.7 million. The company benefited from higher sales of system contracting projects and products during the period. The company recognized revenues from 205 total solution, product sales and maintenance contracts in the reported quarter as compared to 163 contracts in the third quarter of 2008. The company’s gross profit increased 41.9% on higher revenues. However, the gross margin was down 250 basis points at 56.4% due to a lower percentage of self-manufactured proprietary ]]></description>
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		<title>(CFSG) China Fire &amp; Security Group &#8211; Helped by the Stimulus Plan</title>
		<link>http://www.stockbloghub.com/2009/10/22/cfsg-china-fire-security-group-helped-by-the-stimulus-plan/18490</link>
		<comments>http://www.stockbloghub.com/2009/10/22/cfsg-china-fire-security-group-helped-by-the-stimulus-plan/18490#comments</comments>
		<pubDate>Thu, 22 Oct 2009 16:05:29 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Equipment & Components]]></category>
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		<category><![CDATA[CFSG]]></category>
		<category><![CDATA[China Fire & Security Group Inc]]></category>

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		<description><![CDATA[China Fire &#38; Security Group (CFSG) continues to capitalize on the booming Chinese economy. Company Description China Fire &#38; Security Group makes and maintains fire safety systems and products for industrial use in China. Revenues Surging On Aug 10 the company reported second-quarter results that included a 37% increase in revenue, to $22.7 million. Contract volume is up to 205 for the quarter, compared to 177 in the same period last year. Net income rose $1.7 million, or 25%, to $8.3 million for the period. This equated to 29 cents per share, 6 cents higher than the Zacks Consensus Estimate and 5 cents higher than last year. Help From the Stimulus Plan China Fire&#8217;s CEO, Brian Lin, said, &#8220;I am very pleased with our second quarter results. The Chinese government&#8217;s ]]></description>
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