Noah Education Holdings, Ltd. NED Securities Stock Fraud

Company:	Noah Education Holdings, Ltd.
Ticker Symbol:	NED
Class Period:	Oct-19-07 to Nov-19-07
Date Filed:	Oct-27-08
Lead Plaintiff Deadline:	Dec-26-08
Court:	Southern District of New York
Allegations:

A class action has been commenced in the United States District Court for the Southern District of New York on behalf of those who purchased American Depositary Shares ("ADSs") of Noah Education Holdings, Ltd. ("Noah Education" or the "Company") in or traceable to the Company's initial public offering on or about October 19, 2007 (the "IPO" or the "Offering") to November 19, 2007 (the "Class Period"), seeking to pursue remedies under the Securities Act of 1933 (the "Securities Act").

The complaint charges Noah Education and the underwriters of its IPO with violations of the Securities Act. Noah Education engages in the development, marketing, and distribution of interactive education content in the People's Republic of China. According to the complaint, on or about September 24, 2007, Noah Education filed a Form F-1 Registration Statement (the "Registration Statement") with the SEC for the Offering. On or about October 18, 2007, the Prospectus with respect to the Offering (the "Prospectus"), which forms part of the Registration Statement, became effective and more than 9.8 million shares of Noah Education's ADSs were sold to the public at $14.00 per ADS, thereby raising more than $137 million. The complaint alleges that the Registration Statement and Prospectus failed to disclose that the Company was experiencing an increase in raw materials costs which had negatively impacted its earnings.

On November 19, 2007, Noah Education issued a press release announcing its financial results for the quarter ended September 30, 2007. Among other things, the Company reported that its gross profit margins had dramatically declined from 59.4% in the same period the prior year to 50.2% in the quarter. The press release attributed the declining margins to "an increase in the purchasing cost of certain raw material components of DLDs such as flash chips and memory boards, during July and August." In response to this news, the price of Noah Education ADSs dropped from $12.46 per ADS to $6.72 per ADS on extremely heavy trading volume.

If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.

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