China Gateway Files Form 10.Business Editors HONG n. 1. A mercantile establishment or factory for foreign trade in China, as formerly at Canton; a succession of offices connected by a common passage and used for business or storage. KONG--(BUSINESS WIRE)--Jan. 31, 2000 China Gateway Holdings Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CNGH) (the &uot;company&uot; or &uot;China Gateway&uot;) today announced that the company has filed Form 10SB with the Securities and Exchange Commission on January 8, 2000. &uot;It will be more effective for the company to communicate with the investment community if the company is a reporting company. The management of the company will ensure the compliance of the relevant regulations as a reporting company,&uot; said Danny Wu, chairman of the company. &uot;In addition, the company has built a Web site at www.China-Gateway.net so that investors and shareholders can visit the Web site for updated information of the company,&uot; added Wu. &uot;We believe the agreement between the U.S. and China on China's entry to the World Trade Organization (`WTO') will open up China's domestic market and bring favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. conditions to the company's operations. To capitalize To regard the cost of an improvement or other purchase as a capital asset for purposes of determining Income Tax liability. To calculate the net worth upon which an investment is based. To issue company stocks or bonds to finance an investment. the opportunity of the growth of the China market, the company will continue to acquire paper and packaging companies in China. This is the company's intention to finalize fi·nal·ize tr.v. fi·nal·ized, fi·nal·iz·ing, fi·nal·iz·es To put into final form; complete or conclude: "They have jointly agreed ... the acquisition of a paper company in the near future,&uot; said Wu. China Gateway Holdings Inc., with headquarters in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , is a manufacturer and distributor of paper-based packaging materials and value-added wood products for the consumer market in the China market. |
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