ChinaGrowth South Acquisition Corporation Announces IPO Closing.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- ChinaGrowth South Acquisition Corporation ("the Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CGSUF) today announced the closing on January 29, 2007 of the Company's initial public offering for 4,500,000 units. Each unit consists of one ordinary share, par value $.001 and one warrant. The units were sold at an offering price of $8.00, generating gross proceeds to the Company of $36,000,000. Morgan Joseph & Co. Inc. (sole books) led the initial public offering and GunnAllen Financial, Inc. co-managed the initial public offering. The Company's units began trading on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. on Wednesday, January 24, 2007. The Company's registration statement was declared effective by the Securities and Exchange Commission on Tuesday, January 23, 2007. Total proceeds placed into trust were $34,200,000. "We are delighted with the success of our IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. ," said Xuechu He, Chairman of ChinaGrowth South Acquisition Corporation. "We are committed to building shareholder value and will soon begin exploring growth opportunities through potential acquisitions." Michael Zhang, Chief Executive Officer, ChinaGrowth South Acquisition Corporation, added: "We will tap our extensive relationships and adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. sound investment strategies in our search for potential target companies in China." Copies of the prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc this offering may be obtained from Morgan Joseph & Co. Inc., 600 Fifth Avenue, New York, NY 10019 or from ChinaGrowth South Acquisition Corporation, 1881 Canggong Road, Fengxian, Shanghai Chemical Industry Park, Shanghai, People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China. This announcement is neither an offer to sell nor a solicitation of an offer to buy these securities. The offer is made only by the prospectus. About ChinaGrowth South Acquisition Corporation ChinaGrowth South Acquisition Corporation is a company with principal offices in Shanghai. The Company was formed for the purpose of acquiring, through a stock exchange, asset acquisition or other similar business combination, or control, through contractual arrangements, an operating business having its primary operations in the People's Republic of China in any city or province south of the Yangtze River. However, in the event ChinaGrowth North Acquisition Corporation, an entity formed by our principals simultaneously with our incorporation, executes a definitive acquisition agreement, then we may pursue acquisition opportunities north of Yangtze River. |
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