DGAP-News: Tianbao Holdings Ltd.: Reverse split
(firmenpresse) - DGAP-News: Tianbao Holdings Ltd. / Key word(s): Miscellaneous
Tianbao Holdings Ltd.: Reverse split
17.04.2013 / 09:45
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Zhengzhou China PRC 17 April 2013 - Tianbao Holdings
(Ticker: 3TB ) The board of directors of Tianbao Holdings Limited has
approved a reverse split of its stock by a 50:1 ratio in order to
accommodate one of the conditions of a financial guarantee term sheet with
an institutional provider of financial guarantees.
The reverse split will be effective on the 17th of April 2013 . Trading
will be suspended until the transaction is complete.
The CEO commenting on the transaction said that he is excited at the term
sheet for the financial guarantee opens up the possibility of funding being
available to the company to enable the expansion.
Tianbao Holdings (the 'Company') is an economically-affordable housing
manufacturer in the People's Republic of China. The Company works closely
with the Chinese government in acquiring the land for new housing
developments and constructing the homes per the specifications of the
housing plans of both the national Chinese government as well as the
provincial governments, in particular Henan Province, wherein all of the
Company's projects to date have been located.
Please address questions to : tianbaoholdings(at)gmail.com.
Safe Harbor Statement; The statements contained herein are
forward-looking?statements that are subject to risks and uncertainties that
could cause?actual results to differ materially from those expressed in the
forward-?looking statements.
End of Corporate News
End of Corporate News
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207344 17.04.2013
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Datum: 17.04.2013 - 09:45 Uhr
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