CEO of Greater China Corp wants to reconfirm the importance of his last statement to the public:
"The second Resolution provides for the creation of a Share Pool into which management has agreed to place its shareholdings in Greater China Corporation, representing approximately 50% of the Company's currently outstanding shares. Up to 80% of these Pool shares will be available for use by the Company or its designees to raise capital, eliminate debt, acquire businesses and provide management incentives rather than having to issue new shares from the Company."
With 29.7M OS and insiders owning 50%, his words will take on immense meaning this fall as acqusitions begin and biding for shares finds the float limited.
China has experienced a remarkable GDP growth rate of 8% during the last few years of International recession. The current Chinese government forecasts predict expanded growth in areas key to the wire and cable industry, including transportation, telecommunications, electric power, chemical engineering, and construction.
The UNIGEL range of products have been developed specifically for these industries and will be exhibited at the China International Wire and Cable Trade Fair in the new International Exhibition Centre in Shanghai ( please refer to our web site www.unigel.co.uk for further details).
Our key Chinese and International customers will be attending the trade fair, further details of which can be viewed at their web site at www.mdna.com/shows/wirechina.html.
Waiting to read the financials, which will be in the black, will be too late to max the gain in share price.