QualityStocks would like to highlight China Opportunity Acquisition Corp. (OTCBB: CHNQ). China Opportunity Acquisition is a blank check company formed on
In the company’s news Friday,
China Opportunity Acquisition Corp. announced that its shareholders have approved the merger with and into privately held Golden Green Enterprises Limited (“Golden Green”), a British Virgin Islands company. Golden Green, through its operating company, Henan Green Complex Materials Co., Ltd (“Ge Rui”), manufacturers high precision cold-rolled specialty steel products in China. The vote to approve the merger took place today at China Opportunity’s special shareholder meeting.
“We are very pleased that our stockholders approved the merger with Golden Green,” stated Harry Edelson, CEO and Chairman of the Board of China Opportunity. “This transaction will provide Golden Green with a public listing in the United States to help execute its aggressive growth strategy, which includes increasing Ge Rui’s production capacity and expanding into new higher margin products lines.”
He added, “As one of the leading independent cold-rolled specialty steel makers in China, Ge Rui is well-positioned to leverage its advanced production technology and state of the art facilities to meet the growing demand in this highly attractive niche segment of the Chinese steel market. Ge Rui has a strong track record of growth and we look forward to partnering with management in order to take the business to the next level.”
Under the terms of the merger agreement, China Opportunity’s outstanding shares of common stock, warrants and units will be converted into like securities of Golden Green on a one-to-one basis. Golden Green’s ordinary shares, warrants and units will trade on the Over-the-Counter Bulletin Board soon after the closing of the merger, which is expected to occur on or about March 17, 2009.
About QualityStocks
QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. QualityStocks is dedicated to assisting emerging public companies with their advertising efforts and now has over 750,000+ subscribers that receive The Daily Stock Newsletters.
Please see disclaimer on QualityStocks website: http://Disclaimer.QualityStocks.net
Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
