Aamaxan Transport Group Inc (PK:AAXT)
Business Focus: Medical Diagnostic & Testing Equipment
| Sector: Healthcare | Industry: Advanced Medical Equipment & Technology |
| Company Contact | |
| Address: | Suite 6B 1440 Hongqiao Road, Changning District SHANGHAI SHA 200336 |
| Tel: | N/A |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| Zhong Chen Chairman of the Board, Chief Executive Officer | Yifei Xu Acting Chief Financial Officer | |
| Business Overview |
| Aamaxan Transport Group, Inc. is a shell company as it has no or nominal operations. Aamaxan was dormant from mid-2000 until recently. The Company has been seeking, and will continue to seek, potential operating businesses and business opportunities with the intent to acquire or merge with such businesses. It is considered a development stage company and its principal purpose is to locate and consummate a merger or acquisition with a private entity. Effective April 15, 2008, the Company has completed the acquisition of Asian Business Management Group Limited (ABM). ABM, through its direct and indirect subsidiaries, including Shanghai Medical Technology Co., Ltd. (Shanghai Medical), a PRC company, is the provider of Hemodialysis equipment (HDE) and other related supplies and services, including disposable and diagnostic products and pharmaceuticals, throughout Eastern China. |
| Financial Overview |
| For the six months ended 30 June 2008, Aamaxan Transport Group Inc revenues increased 26% to $20M. Net income increased 5% to $3.6M. Revenues reflect Others increase from $0K to $26K. Net income was partially offset by General and administrative expenses increase from $387K to $1.1M (expense), Selling expenses increase from $294K to $902K (expense), Amortization expenses(1) increase of 11% to $294K (expense). |
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