China Holdings Acquisition Corp. Announces Approval of the Business Combination with Jinjiang Hengda Ceramics
20 Noviembre 2009 - 9:17AM
Business Wire
China Holdings Acquisition Corp. (AMEX:HOL) (the “Company” or
“CHAC”), a special purpose acquisition company, today announced its
stockholders approved the Company's previously announced proposed
business combination with Success Winner Limited, CHAC’s target
company and the parent entity of Jinjiang Hengda Ceramics Co., Ltd.
(“Hengda”). Hengda is a leading Chinese manufacturer of ceramic
tiles used for exterior siding and for interior flooring and design
in residential and commercial buildings. The companies expect to
consummate the business combination later today.
About China Holdings Acquisition Corp.
Founded in 2007, China Holdings Acquisition Corp. (“CHAC”) is a
blank check company focused on acquiring companies with primary
operations in Asia through a merger, capital stock exchange, stock
purchase, asset acquisition or other similar business combination
or contractual arrangements. CHAC currently has no operating
businesses
Where to Find Additional Information
In connection with the proposed acquisition, China Ceramics Co.,
Ltd. has prepared a registration statement containing a proxy
statement/prospectus that is filed with the SEC. The definitive
proxy statement/prospectus and a form of proxy have been mailed to
the stockholders of CHAC, seeking their approval of the
transaction. Stockholders are urged to read the proxy
statement/prospectus regarding the proposed acquisition
carefully and in its entirety because it will contain important
information about the proposed acquisition. Stockholders can
obtain, without charge, a copy of the proxy statement/prospectus
and other relevant documents filed with the SEC from the SEC’s
website at http://www.sec.gov. Stockholders will also be able to
obtain, without charge, a copy of the proxy statement/prospectus
and other relevant documents (when available) by directing a
request by mail to Mark L. Wilson at China Holdings Acquisition
Corp., 1000 North West Street Suite 1200, Wilmington, DE. 19801, or
by telephone at (302) 295-4832.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Words such as
“expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking
statements. Forward-looking statements in this press release
include matters that involve known and unknown risks, uncertainties
and other factors that may cause actual results, levels of
activity, performance or achievements to differ materially from
results expressed or implied by this press release. Such risk
factors include, among others: future operating or financial
results; future growth expectations and acquisitions; uncertainties
as to the timing of the acquisition; approval of the transaction by
CHAC stockholders; the satisfaction of closing conditions to the
transaction; costs related to the acquisition; the performance of
Hengda; the impact of inflation generally as well as on the rising
costs of materials; specific economic conditions in China generally
or in the markets in which Hengda Ceramics operates; changes in
laws and regulations; potential liability from future litigation;
the diversion of management time on acquisition and integration
related issues; modifications or adjustments to the financial
statements of Hengda as a result of applicable securities laws; and
general economic conditions such as inflation or recession. Actual
results may differ materially from those contained in the
forward-looking statements in this communication and documents
filed with the SEC. CHAC undertakes no obligation and does not
intend to update these forward-looking statements to reflect events
or circumstances occurring after the date of this communication.
You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
communication. All forward-looking statements are qualified in
their entirety by this cautionary statement.
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