Ft Lauderdale, Florida 12/30/2009 7:00:00 AM
News / Business

China ACM (NASDAQ: CACD) Files Registration Statement

China Advanced Construction Materials Group, Inc. (Nasdaq: CACD), a leading provider of ready-mix concrete in China, recently shared  the filing of a Form S-3 shelf registration statement with the Securities and Exchange Commission.

 

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Once the shelf registration statement is declared effective by the SEC, the Company may offer and sell its securities from time to time in the future. This registration statement will provide the Company with additional flexibility to raise capital, depending on favorable market conditions. At present, however, China ACM does not currently have any commitments to sell securities. Unless otherwise specified in the applicable prospectus supplement, the net proceeds from any offering under the registration statement would be used for general corporate purposes, including capital for the deployment of additional portable plants. China ACM, founded in 2002 and based in Beijing, China, is a leading producer of advanced construction materials for large scale commercial, residential, and infrastructure developments. The company is primarily focused on producing and supplying a wide range of advanced ready-mix concrete materials for highly technical, large scale, and environmental construction projects. The company also aims to develop and produce new and innovative environmentally conscious construction materials. China ACM provides materials and services through its six ready-mix concrete plant network covering Beijing metropolitan area. China ACM owns one plant, leases three plants and has technical services and preferred procurement agreements with two other independently-owned plants.

 

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