Shell Activity - Research

The GeoTeam believes that it is important to track activity that results in Chinese companies trading in the United States financial markets. This commonly occurs through either transactions with blank-check companies or reverse merger transactions with non-operating shell companies. Both of these events are less expensive alternatives for firms to go public when compared to the traditional Initial Public Offering (IPO).

In the Shell Activity Research Section, the GeoTeam will offer details on selected Chinese firms going through Blank Check or Reverse Merger Transactions.

Saturday, March 13, 2010

Ensign Services Inc (ESVC)

Reverse Merger Activity
Ensign Services Inc. (OTCBB: ESVC) announced that it completed a reverse merger with Tin Nghia Petrol Joint Stock Company in August 2009. Management believes the reverse merger transaction is one of the first successful reverse mergers of a Vietnamese company on the U.S. stock exchanges. The Company intends to complete a name change to Timex Assets and Services Company Snap Shot: (Reminds us of CBEH in some respect). Timex A&S has 28…

Wednesday, March 10, 2010

Hambrecht Asia Acquisition (HMAQF)

Blank Check Activity
Hambrecht Asia Acquisition is set to vote on a business combination proposal with the Chinese subsidiaries of Honesty Group: SGOCO Technology Ltd Company Snap Shot: The company designs and manufactures SGOCO brand LCD products in China SGOCO currently sells its products via multiple channels including computer stores, distributors and specialty retailers, but is focused on developing a more vertically integrated Direct Store Delivery system, via a strategy referred to as SGOCO Clubs. SGOCO currently sells…

Wednesday, March 3, 2010

China Shandong Industries (CSNH)

Reverse Merger Activity
China Shandong Industries completed its reverse merger on January 21, 2009. Company snapshot: Global marketer of straw-wicker products, wooden crafts and solid wooden furniture. Its products are sold by well known mass market retailers including Wal-Mart, ABM Group, Argos Limited, IKEA, Zara and others. Post Merger Share Calculation: 1,046,500: Pre reverse merger outstanding shares 875,000: Shares cancelled as part of the Share…

Monday, March 1, 2010

Bbv Vietnam Sea Acquisition Co (BBVVF)

Blank Check Activity
BBV Vietnam S.E.A. Acquisition Corp. (OTC Bulletin Board: BBVUF, BBVVF and BBVWF) announced today that it has signed a definitive merger agreement with Migami, Inc.. About Migami, Inc Migami, Inc. licenses drug-delivery systems and technologies to pharmaceutical companies for international distribution and develops and distributes anti-aging cosmetics world-wide, with a special emphasis on Asia. No additional details are currently available on Migami. The GeoTeam will attempt to…

Sunday, February 28, 2010

Pioneer Power Solution (PPSI)

Reverse Merger Activity
On November 30, 2009 Sierra Concepts, Inc. (“Sierra”), a Nevada corporation, was merged with and into Pioneer Power Solutions, Inc., a Delaware corporation (“Pioneer Power”), for the purpose of changing its state of incorporation to Delaware from Nevada and changing its name, in each case pursuant to a Certificate of Ownership and Merger and Articles of Merger, each dated November 30, 2009…

Wednesday, February 17, 2010

T O D d/b/a China Env. Protection Inc. (TODT)

Reverse Merger Activity
On February 9, 2010, the Company entered into an agreement with Dragon Path International Limited. The merger was closed on February 12, 2010. Pursuant to the terms of the Merger Agreement, the Company acquired all of the outstanding capital stock of Dragon Path through the merger with China Environmental Protection Inc., a Nevada corporation wholly owned by the Company. Dragon Path is a holding company whose only asset, held through a subsidiary, is 100% of the registered capital…

Monday, February 15, 2010

Covenant Group Of China (CVGC)

Reverse Merger Activity
On December 24, 2009, Everest Resources Corp., a Nevada corporation, entered into and consummated a series of agreements which resulted in the acquisition of all of the share capital of Covenant Group Holdings Inc., a holding company incorporated under the laws of the state of Delaware and the divestiture of the Company's prior exploration business. On the Closing Date, the name of the Company was also changed to Covenant Group of China Inc. Covenant Group of China Snap…

Wednesday, February 10, 2010

Sinocoking Coal (SCOK)

Reverse Merger Activity
Became public via a reverse merger on February 5th, 2009. Company Details SinoCoking currently holds mining rights for approximately 2.5 million tons of coal from mines located in central China. SinoCoking began producing metallurgical coke in 2002, and since then has expanded its production to become an important supplier to regional steel producers in central China. Coke, which is an essential ingredient in steel-making, is manufactured in SinoCoking`s on-site facilities by…

Wednesday, January 20, 2010

China Fundmntl Acquisition Cor (CFQCF)

Blank Check Activity
ON November 30, 2009 China Fundamental Acquisition Corporation announced that it has entered into a definitive share purchase agreement to acquire Beijing Wowjoint Machinery Co., Ltd. and its associated companies. Wowjoint Details: Wowjoint is a leading solutions provider and manufacturer of specialized heavy duty lifting and carrying machinery in China, deployed primarily in the construction of railways, highways, subways, bridges and ports. Consolidated revenue for year ended August 31, 2009…

Tuesday, January 19, 2010

Gerova Financial Group (GFC)

Blank Check Activity
We are still awaiting the outcome of the vote results for the proposed business combination by Asia Special Si Acquisition. Investors should take note that the proposed business combination is not with an Asian firm. We still think there is risk with regards to the warrant strategy if investors don't see great growth potential in the core business and drive the common stock down. Also, the businesses targeted by CIO generally do no carry high valuation multiples…

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