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Company:
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JINPAN INTERNATIONAL LTD (JST)
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Form Type:
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6-K
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Filing Date:
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5/18/2011
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CIK:
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0001053008
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Address:
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100 INDUSTRY AVE
JINPAN DEVELOPMENT AREA
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City, State, Zip:
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HAIKOU HAINAN, 570216
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Telephone:
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(898) 681-1746
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$6.05
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Change:
-0.175 (-2.81%)
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Trade Time:
12:39 PM EST
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Market Cap:
$99.25M
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Description of Business
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Jinpan International Limited was incorporated in the British Virgin Islands on
April 3, 1997 under the International Business Companies Act of the British
Virgin Islands. We are primarily engaged in the design, manufacture, and sale of
electrical power control and distribution products. Our main product lines
include cast resin transformers, vacuum pressure impregnated (VPI) transformers,
vacuum pressure impregnated (VPI) line reactors, switchgears and unit
substations.
Our predecessor, Haikou Jinpan Special Transformers Works (�Haikou Jinpan�), was
established in 1993. On June 30, 1997, we entered into an agreement with Haikou
Jinpan to form a joint venture, Hainan Jinpan, pursuant to which Haikou Jinpan
received a 15% equity interest in Hainan Jinpan in exchange for its contribution
of buildings, equipment, and other production and related facilities to the
joint venture and we received an 85% equity interest in Hainan Jinpan for our
capital contribution of US$2.
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