China Treasure in negotiations to acquire Chengdu bottle manufacturing plant.ORLANDO, Fla.--(BUSINESS WIRE)--Sept. 7, 1995--China Treasure Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Small Cap:CHNA CHNA Community Health Network Area CHNA Community Health Needs Assessment CHNA Canadian Holistic Nurses Association CHNA College Hill Neighborhood Association CHNA Castleberry Hill Neighborhood Association CHNA Converium Holdings North America ) said Thursday that it is in negotiations to acquire controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in a bottling manufacturing plant in Chengdu, PRC. The plant supplies bottles for Pepsi and others, but is not a Pepsi bottling plant as was previously reported. Clement Mak, chairman of China Treasure said: "This is part of our overall growth plans in China. With our Sun City development underway and Chengdu Iron & Steel acquired, we are moving forward with our plans to acquire existing infrastructure and consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and companies. The bottle manufacturing plant is part of this strategy. "There is more investment potential in China than in any other economy in the world. With its population of 1.2 billion people, rising middle class and an economy that's growing more rapidly than any other one in Asia, China offers our investors a hedge against any investment slow downs in the West. China Treasure's EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. for 1996 is already projected to be around $1.10, and that doesn't include the bottle manufacturing operation or the consumer food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. company we are considering with a US investment partner." China Treasure Inc., is a Hong Kong-based real estate and infrastructure development company involved in the construction of Sun City, a planned development community in Guangdong Province of the Peoples Republic of China. For more information, contact Thomas Tedrow, the Orlando spokesperson, at 801/972-2887 or 407/645-0207. CONTACT: Thomas Tedrow, 801/972-2887 or 407/645-0207 |
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