The company was formed via a reverse merger transaction. On March 10, 2008, the Company entered into and closed a Share Exchange Agreement (the “Share Exchange Agreement”) with Citysky and the sole shareholder of Citysky.Citysky, through its China-based subsidiaries, manufacture beverage bottles that are primarily made from polyethelyne terephthelate, or PET, which is a type of plastic that has desirable characteristics for packaging including clear and a wide range of color and shape, tough, good resistance to heat, moisture and the ability to dilute acid. The Company’s beverage bottles are manufactured in China and are sold to major Carbonated Soft Drink (“CSD”) suppliers in China including Coca-Cola and Pepsi.Citysky owns and operates three subsidiaries in the People’s Republic of China (“China” or “PRC”) including:1. Hangzhou Great East Packaging Co., Limited through Great East Packaging International Limited, a British Virgin Islands company2. Nanjing Great East Packaging Co., Limited through Great East Packaging (Nanjing) Limited, a British Virgin Islands company3. Xian Great East Packaging Co., Limited through Great East Packaging (Xian) Limited, a British Virgin Islands companyEach of these subsidiaries is a wholly foreign-owned enterprise registered in China.(Source: 10Q for the quarterly period ended March 31, 2008 )
Last updated June 3, 2008
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