Asiana Corporation (ASIC.PK) 50 Million Dollar Expansion
19 8월 2008 - 1:44AM
PR Newswire (US)
NANCHANG, China, Aug. 18 /PRNewswire-FirstCall/ -- Asiana
Corporation (ASIC.PK) is pleased to announce that it has reached an
agreement in principle to spin off one of its divisions
http://www.1800buypiao.com/ The purchaser is a New York USA based
Pink Sheet company, whose security trades in the 5-8c range. The
deal will involve both cash and stock. CEO Mr Xu explained, "This
is actually a 2 fold transaction. The deal will involve purchaser
to acquire our ticketing division for about $15 million dollars.
When one includes ongoing royalties the transaction may very well
topple $50 million dollars as a gross figure. Subsequently, to
insure performance either I and or another officer of ASIC will be
appointed as a director of the purchasers company. The purchaser is
looking to gain entry into the China markets and this is one way
for them to achieve this objective. We are also looking at ways to
reward our shareholders, and one of the proposals under
consideration is an outright merger with the buyer or a dividend
payout of the 50 million dollars to our current shareholder base.
We expect to close the deal on or before September 30 2008." In
other company news, CEO Mr Xu added, "Our security was recently
branded caveat emptor by Pink Sheets. This is due to some spam e
mails that were sent without our knowledge and consent. We are
currently in the process of having this rank removed with added
filings on Pink Sheets." Safe Harbour statement under the Private
Securities Litigation Reform Act of 1995: Certain forward
information contained in this release contains forward-looking
statements that involve risk and uncertainties, including but not
limited to, those relating to development and expansion activities,
domestic and global conditions, and market competition. CONTACT:
http://www.minamargroup.com/helpdesk CONTACT:
http://www.minamargroup.com/helpdesk DATASOURCE: ASIANA Corporation
CONTACT: http://www.minamargroup.com/helpdesk
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