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主题: [新闻]China Oumei Reverse Merger with Dragon Acquisition
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作者 [新闻]China Oumei Reverse Merger with Dragon Acquisition   
Diamondhorse

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文章标题: [新闻]China Oumei Reverse Merger with Dragon Acquisition (1987 reads)      时间: 2010-8-12 周四, 23:28   

作者:Diamondhorse海归商务 发贴, 来自【海归网】 http://www.haiguinet.com

Dragon Acquisition Changes Name to China Oumei Real Estate Inc., and Amends and
Restates Memorandum and Articles of Association

QINGDAO, China, August 6, 2010 /PRNewswire-Asia-FirstCall/ -- China Oumei Real Estate Inc. (the "Company," intended NASDAQ symbol is OMEI), formerly named Dragon Acquisition Corporation, a leading housing and real estate development company headquartered in Qingdao, Shandong province, China, today reported that its shareholders, during its extraordinary general meeting on August 6, 2010, approved special resolutions to change the name of the Company to "China Oumei Real Estate Inc." and to amend and restate the Company’s Memorandum and Articles of Association. The name change and the Amended and Restated Memorandum and Articles of Association of the Company became effective immediately upon the approval.

In addition to changes to reflect the new name of the Company, the Amended and Restated Memorandum and Articles of Association reflect certain other amendments to the Company’s previous Memorandum and Articles of Association that are designed to bring the Company’s Memorandum and Articles of Association more in line with current concepts of good corporate governance, to clarify some of its terms, and to conform more closely with those of other similar public companies.

For more information, including results of voting at the extraordinary general meeting of shareholders, please see the Company’s Current Report on Form 8-K that will be filed today.

About China Oumei Real Estate Inc.

China Oumei Real Estate Inc., through its Chinese subsidiaries, is one of the leading real estate developers in greater Qingdao, Shandong province, China. The Company develops and sells residential and commercial properties for middle and upper income customers in the Shandong province, including the cities of Qingdao, Weihai, and Weifang, as well as in other provinces of China.

Since the Company’s inception, it has completed 15 projects having a gross floor area of 1,191,722 square meters, of which 93.8% has been sold. In addition, the Company has seven projects under construction with a total gross floor area of 735,274 square meters. In its fiscal year ended December 25, 2009, the Company had total sales of $94.3 million, gross profit of $36.0 million, and net income of $24.3 million.

The Company has applied to have its ordinary shares trade on The NASDAQ Global Market, with the intended symbol of OMEI.

For more information, please visit https://www.chinaoumeirealestate.com.


--------------------------------------------------------------------------------

Safe harbor statement (Omitted)

作者:Diamondhorse海归商务 发贴, 来自【海归网】 http://www.haiguinet.com









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