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  "documentTitle": "28 IBD presentation 2013 Asiainfo Linkage Inc Goldman Sachs 1",
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      "text": "US tax could be reduced by foreign tax credits for PRC income and withholding tax paid",
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      "text": "U.S investors have been wary of Chinese companies listed in the U.S., which has allowed short-selling momentum funds to significantly impact the share prices of these companies at the expense of fundamental long term investors. Aurora will continue to have a healthy cash balance given strong cash generation capabilities from its business. However, any cash transfers up to the U.S. issuing entity could be potentially affected by tax leakage for both PRC withholding tax and 35% US corporate tax. According to management and third party commentary, there may be limited growth catalysts and milestones for Aurora in the near term, with margins likely also to be constrained by increased R&D spending and headcount increases related to standardization and future growth initiatives. Current management projections include cost of investment in overseas business",
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