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News Breaks
August 4, 2014
07:09 EDTCNITChina Information enters into strategic partnership with CITIC Securities
China Information Technology announced that the Company entered into a strategic partnership with CITIC Securities. Pursuant to the partnership agreement, CITIC will provide a variety of corporate financial services including mergers and acquisitions, pension management, and brokerage services on a needed basis. During CNIT's strategic transition from traditional IT system integration to the cloud-based internet platform technology, CITIC will assist the Company in exploring various alternatives in China to enhance long-term shareholder value. In addition, CNIT and CITIC will collaborate to restructure CNIT's traditional IT system integration business, which generates lower margin and higher receivables than the emerging cloud-based internet platform services.
News For CNIT From The Last 14 Days
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October 20, 2014
07:03 EDTCNITChina Information announces major contract with Hunan Provincial government
China Information Technology announced that it has signed a major contract to install 20,000 units of the Company's new media terminals on behalf of the Hunan provincial government. Reoccurring monthly revenue from each new media terminal is expected to range from RMB 60 to RMB 200, depending on terminal model and location. Such revenue includes both hardware lease and software and platform service fee. These new media terminals are expected to be installed over the next three years and will display advertisement and public legal information.
October 13, 2014
07:02 EDTCNITChina Information appoints Robin Yang as CFO
China Information appointed Ms. Robin Yang as its CFO effective immediately. Ms. Yang was previously the Director of Research at Harbert Management Corporation.

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