Chai-Na-Ta Corp. -- Announcement.Business Editors LANGLEY, B.C.--(BUSINESS WIRE)--March 22, 2001 Chai-Na-Ta Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CCCFF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CC.) (the "Company") has been informed that six persons employed by Wai Kee Holdings Limited ("Wai Kee"), including Mr. William Zen Wei-pao, who is also the chairman of the Company, were arrested and subsequently released on bail by the Independent Commission Against Corruption Several places have organisations called the Independent Commission Against Corruption:
Wai Kee, a Hong Kong-based publicly listed company, is the largest shareholder of Road King Infrastructure Limited, another Hong Kong-based publicly listed company, which has control of a majority of the outstanding shares of the Company. The Company is not involved in any way with the Project and does not expect that the arrests will have any impact on the day to day operations of the Company or its subsidiaries. The Company will make further announcements as and when appropriate. Chai-Na-Ta Corp., based in Langley, British Columbia Langley, British Columbia can mean the following:
named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. ginseng ginseng (jĭn`sĕng), common name for the Araliaceae, a family of tropical herbs, shrubs, and trees that are often prickly and sometimes grow as climbing forms. . The Company farms, processes and distributes North American ginseng as bulk root and supplies processed extract powder for the manufacture of value-added ginseng-based products. This news release contains forward-looking statements that reflect the Company's expectations regarding future events. These forward-looking statements involve risks and uncertainties and actual events could differ materially from those projected. |
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