Flying Eagle PU Technical Corp. (fka FEPU)

[Renee]

FEPU revoked:

http://www.sec.gov/litigation/admin/2015/34-75808.pdf

[Renee]

FEPU SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-72862.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-72862-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-72863.pdf

[StochasticsRule]

anyone still holding here?

[aries4747]

FEPU "E" added today.

From Daily List:
13:18 4/19/2012 FEPU FEPUE Flying Eagle PU Technical Corporation. NEW Common Stock Delinquent **

[JustJack]

When did we get the "E" added on the end????

[JustJack]

reverse stock split on a 1-for-18.29069125 shares basis.

[JustJack]

Sooner Holdings, Inc. Announces Reverse Stock Split, Name Change to "Flying Eagle PU Technical Corporation" and New Trading Symbol (OTCBB: FEPU)

FUJIAN, China, Jan. 30, 2012 /PRNewswire-Asia/ -- Sooner Holdings, Inc. (OTCBulletinBoard: SOON) (the "Company"), announced that it has changed its name to Flying Eagle PU Technical Corporation and completed a reverse stock split on a 1-for-18.29069125 shares basis. The Company's stock symbol on the NASDAQ Over-the-Counter Bulletin Board will also be changed from "SOON" to "FEPU."

Under the Company's restated certificate of incorporation filed with the Oklahoma Secretary of State, 18.29069125 shares of the Company's common stock issued and outstanding were combined and changed into one share of common stock. Any resulting fractional share was rounded up to the next higher whole number. The reverse stock split affects all issued and outstanding shares of the Company's common stock immediately prior to the effective date of the reverse stock split. On January 30, 2012, the split-adjusted shares of the Company's common stock will trade under the symbol "SOOND" for 20 trading days to signify that the reverse stock split has occurred. Thereafter, the "D" will be removed and the new symbol will be "FEPU". In addition, as a result of the reverse stock split, in accordance to the terms of the Series A Preferred Stock, each share of Series A Preferred Stock issued and outstanding automatically converted into 1,000 shares of common stock (on a post reverse stock basis), resulting in the automatic conversion of 19,200 shares of Series A Preferred Stock of the Company into approximately 19,200,000 shares of common stock of the Company.

Mr. Ang Kang Han, President of the Company stated, "We believe our new name Flying Eagle PU Corporation better reflects our brand and business operations. In addition, the symbol change will help our shareholders and potential shareholders identify our stock with our Company."

About the Company

The Company, located in Fujian province, is a leading producer of synthetic polyurethane leather ("PU leather") for the shoe industry in China. The Company's primary business is to design, manufacture and distribute PU leather. The Company also manufactures flip-flops and slippers for sale in China and abroad. For its high performance series, the Company uses high-density nonwoven fabric as base cloth because of its superior hydrolysis resistance, peel and tear strength, durability and air and moisture permeability. High performance PU leather is mainly used to make high-grade athletic shoes. The Company is located in ShiShi City, Fujian, close to Quanzhou - China's largest production base for sports shoes, sneakers and casual shoes. In this one region alone, there are more than 3,000 shoe manufacturers producing over 1 billion shoes annually located in close proximity.

Safe Harbor Statement

[JustJack]

Sooner Holdings Inc. Reports Results for the Second Quarter of 2011

PR Newswire

NEW YORK and SHISHI, China, Aug. 16, 2011

NEW YORK and SHISHI, China, Aug. 16, 2011 /PRNewswire-Asia/ -- Sooner Holdings Inc. (OTCBB: SOON), a Fujian-based manufacturer and distributor of synthetic polyurethane synthetic leather (PU leather) for the shoe industry in China, today announced financial results and provided a business update for the second quarter of 2011.

Ang Kang Han, Chairman and President, commented, "We continue to generate strong cash flow to fund our growth. In the second quarter of 2010 we entered a major cooperation agreement with one of our distributors who placed significant orders in anticipation of a major expansion initiative. This distributor accounted for approximately $0.26 million and $2.52 million of sales in the second quarter of 2011 and 2010, respectively. Excluding sales to this distributor, our revenue increased 13.9% over the same period last year.

"Overall, we believe we are extremely well positioned to capture market share due to insufficient local supply of PU leather and the high grade characteristics of our synthetic leather. We have built a very efficient and scalable operation with capacity to produce over 12 million meters of PU leather per year. We have a new facility in San Ming that we expected to commence operation by the second half of 2011, which will increase our capacity by more than 80%, and allow us to capitalize on the growing demand and new opportunities from our customers."

"We are in a strong competitive position due to the fact we are one of only a few fully integrated companies in Fujian. Operating our own resin plant, base cloth production line and PU leather plant has assisted us in mitigating increases in our raw material costs and enables us to customize products to meet the needs of our customers. Looking ahead, we expect to benefit from our new capacity coming online, while increasing higher margin direct-to-customer sales, entering new regional markets in China, such as Hunan and Jiangxi Provinces, and increasing our presence in high-end overseas markets."

About Sooner Holdings Inc.

Sooner Holdings Inc., located in Fujian province, is a leading producer of synthetic polyurethane leather ("PU leather") for the shoe industry in China. The company's primary business is to design, manufacture and distribute PU leather. Flying Eagle also manufactures flip-flops and slippers for sale in China and abroad. For its high performance series, Flying Eagle uses high-density nonwoven fabric as base cloth because of its superior hydrolysis resistance, peel and tear strength, durability and air and moisture permeability. High performance PU leather is mainly used to make high-grade athletic shoes. Flying Eagle is located in ShiShi City, Fujian, close to Quanzhou — China's largest production base for sports shoes, sneakers and casual shoes. In this one region alone, there are more than 3,000 shoe manufacturers producing over 1 billion shoes annually located in close proximity.

This release contains certain "forward-looking statements" relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

Company Contact:


Jacqueline Zhang


Cell: [phone]


Email: [e-mail]


– financial tables follow –

[Mark]

Well at least they continue to file....someday...

[aries4747]

SOONer files another 8-K/A

http://www.sec.gov/Archives/edgar/data/861370/000114420411041887/v229447_8ka.htm

This Amendment No. 3 to Original Filing is being made to respond to certain comments received from the Staff of the Securities and Exchange Commission. In addition, in connection with the share exchange transaction, the Company’s board of directors approved a change of the Company’s fiscal year end to December 31, the fiscal year end of the accounting acquirer. In reliance of Section IIIF of the Securities and Exchange Commission’s Division of Corporate Finance: Frequently Requested Accounting and Financial Reporting Interpretations and Guidelines dated March 31, 2001, the Company previously furnished the consolidated financial statements of Chinese Weituo’s operating subsidiary, Shishi Feiying Plastic Co., Ltd., and its variable interest entity, Feiying Industrial Co., Ltd. (“San Ming”), as of December 31, 2010 and 2009.

[Mark]

Yup, hopefully they come thru SOON....LOL Still got my tickets...

[aries4747]

Still waiting for the DEF 14C filing. More 2000 trades at .12 and then a 100 or 200 paint higher. Seems to be the pattern.

[Mark]

.19 close today, a bit of volume, maybe it is starting to wake...

[nsomniyak]

Sonova bitch, you're right!

[aries4747]

That's not SOON news, it's for a company named Sonova. Not the first time it's appeared as Sooner news.

[mrbizzard]

radar..news hinting at something on the horizon

[aries4747]

Looks like they're amended filings with slight changes requested by the SEC so the merger and R/S can go forward.

[Redlegs]

Filings just hit.

http://www.otcmarkets.com/stock/SOON/financials

[aries4747]

New SOON website up and running...

http://www.china-wintop.com/english/product/product.asp

[aries4747]

The 14.6 million number is correct, nsomniyak, however SOON is awaiting SEC approval for a post-merger 1 for 18 reverse split. Have to double check, but I believe the new 19.2 million will be restricted.

From Q:
As of May 9, 2011, there were 14,632,553 shares of the registrant’s common stock issued and outstanding.

From Pre 14C:

Series A Convertible Preferred Stock

In accordance with our Amended Certificate of Incorporation, our Board of Directors unanimously approved the filing of a Certificate of Designation designating and authorizing the issuance of up to 19,200 shares of our Series A Preferred Stock. The Certificate of Designation was filed on February 10, 2011.

Shares of Series A Preferred Stock will automatically convert into shares of common stock on the basis of one share of Series A Preferred Stock for 1,000 shares of common stock upon the effectiveness of a planned 1-for-18.29069125 reverse split of our outstanding common stock. Upon the effectiveness of the Reverse Split, the 19,200 outstanding shares of Series A Preferred Stock will automatically convert into 19,200,000 shares of common stock, which pursuant to the Securities Exchange Agreement, will constitute approximately 96% of our outstanding common stock subsequent to the Reverse Split.


Holders of Series A Preferred Stock vote with the holders of common stock on all matters on an as-converted to common stock basis, based on an assumed post 1-for-18.29069125 reverse split (to retroactively take into account the Reverse Split). For example, assuming 100 shares of Series A Preferred Stock are issued and outstanding on the record date for any stockholder vote, such shares, voting in aggregate, would vote a total of 1,829,069 voting shares.

The holders of our Series A Preferred Stock are entitled to vote on all matters together with all other classes of stock. Holders of Series A Preferred Stock have protective class voting veto rights on certain matters, such as increasing the authorized shares of Series A Preferred Stock and modifying the rights of Series A Preferred Stock.

At the close of business on the Record Date, we had 14,632,553 shares of common stock and 19,200 shares of Series A Preferred Stock issued and outstanding.

[nsomniyak]

How many shares are outstanding for SOON? iHub shows 12.7mm, which would mean that EPS is .607 on a 20 cent stock -- or PE = 1/3

per the PR, full year 2010 net income was $5.8mm, and Q1 2001 was $.95MM (over $.58mm for Q1 in 2009, for a net add of $.37mm for Q1 yoy, giving $7.17mm in net income for the last 4 quarters.

7.17/12.7 = .607 EPS,which seems so good I have to wonder if the share count figure is right? Yahoo does not show the share count.

EDIT: digging into the 10-Q, it appears there are 14.6mm shares out now, plus 19K preferred. The 14.6 mm shares would give EPS of around .50 and a PE of .4 at price = 20 cents.

Any clue whether those preferred shares convert to a lot of common? A PE of .4 is silly even for a CGS stock.

[aries4747]

SOON:As of May 9, 2011, there were 14,632,553 shares of the registrant’s common stock issued and outstanding.

[aries4747]

SOON(.20): Sooner Holdings Inc. Reports Results for 2010 and the First Quarter of 2011

Today : Tuesday 17 May 2011

Soon Holdings Inc. (OTCBB: SOON), a Fujian-based manufacturer and distributor of synthetic polyurethane synthetic leather (PU leather) for the shoe industry in China, today announced financial results for 2010 and the first quarter of 2011:

Full Year 2010 Highlights

Revenues increased 55.8% to $33.1 million compared to $21.2 million for 2009
Gross profit increased 76.3% to $8.3 million versus $4.7 million for 2009
Operating income increased 91.5% to $7.2 million versus $3.8 million for 2009
Net income for 2010 increased 90.4% to $5.8 million versus $3.0 million for 2009

First Quarter 2011 Highlights

Revenues increased 73.4% to $7.2 million compared to $4.2 million for Q1 2010
Gross profit increased 67.9% to $1.7 million versus $1.0 million for Q1 2010
Operating income increased 88.7% to $1.5 million versus $0.77 million Q1 2010
Net income for increased 63.8% to $0.95 million versus $0.58 million for Q1 2010

Ang Kang Han, Chairman and President, commented, "We are pleased to report that we experienced strong growth in our business throughout 2010 that continued into the first quarter of 2011. Insufficient local supply of PU leather and the high grade characteristics of our synthetic leather are driving demand for our products. With our headquarters in Shishi, Fujian, we are strategically located in close proximity to one of the largest PU leather markets in China with over 3,000 shoe manufacturers producing over one billion pairs of shoes annually. In this market, local demand far outstrips supply and we believe we are extremely well positioned with strong brand recognition and established long-term distributor relationships."

Mr. Han continued, "We have built a very efficient and scalable operation. We operate a 66,700 square meter factory consisting of five PU leather production lines with capacity to annually produce over 12 million meters of PU leather. In addition, we are constructing a new facility in San Ming that we expect to commence operation by the second half of 2011. This new facility will increase our capacity by more than 80% and will enable us to produce an additional 10 million meters of PU leather per year. We currently operate our own resin plant, base cloth production line and PU leather plant, which lowers our costs and enables us to customize products to meet the needs of high-end customers. We are also focusing heavily on R&D including development of new formulas that exceed industry standards for peel strength, water repellent properties and tear strength."

Mr. Han concluded, "Looking ahead, our strategy is to capture market share as one of only a few fully integrated companies in Fujian by the end of 2011. Our focus is on increasing higher margin direct-to-customer sales, entering new regional markets in China, such as Hunan and Jiangxi Provinces, and increasing our presence in high-end overseas markets including Europe and America. While our primary focus is generating strong free cash flow to internally fund our organic growth, we are also considering opportunistically pursuing strategic and accretive acquisitions within this highly fragmented market. Overall, we are extremely encouraged by both the near-term and long-term outlook for the business, and believe our ability to increase net income by more than 90% in 2010 year illustrates our ability to generate meaningful value for shareholders."

About Sooner Holdings Inc.

Sooner Holdings Inc., located in Fujian province, is a leading producer of synthetic polyurethane leather ("PU leather") for the shoe industry in China. The Company's primary business is to design, manufacture and distribute PU leather. The Company also manufactures flip-flops and slippers for sale in China and abroad. For its high performance series, the Company uses high-density nonwoven fabric as base cloth because of its superior hydrolysis resistance, peel and tear strength, durability and air and moisture permeability. High performance PU leather is mainly used to make high-grade athletic shoes. The Company is located in ShiShi City, Fujian, close to Quanzhou — China's largest production base for sports shoes, sneakers and casual shoes. In this one region alone, there are more than 3,000 shoe manufacturers producing over 1 billion shoes annually located in close proximity.

This release contains certain "forward-looking statements" relating to the business of the Company. These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements include, but are not limited to, that the our operations are efficient and scalable, that we will be able to produce 10 million meters of PU leather at our the new facility, that we will be able to find and consummate strategic and accretive acquisitions and that our net income will increase by 90% this year. Further the forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

Company Contact:


Michael Woo


Email: [e-mail]


IR Contact:


Crescendo Communications, LLC


David Waldman or Vivian Huo


Tel: [phone]


Email: [e-mail]

[Penny Roger$]

How do I get these sooner? ... Sooner Holdings Inc. Reports Results for 2010 and the First Quarter of 2011
Date : 05/17/2011 @ 6:59PM
Source : PR Newswire
Stock : Sooner Hldgs (SOON)
Quote : 0.2 0.08 (66.67%) @ 5:33PM


Sooner Holdings Inc. Reports Results for 2010 and the First Quarter of 2011

Sooner Hldgs (OTCBB:SOON)
Intraday Stock Chart

Today : Tuesday 17 May 2011


Soon Holdings Inc. (OTCBB: SOON), a Fujian-based manufacturer and distributor of synthetic polyurethane synthetic leather (PU leather) for the shoe industry in China, today announced financial results for 2010 and the first quarter of 2011:http://ih.advfn.com/p.php?pid=nmona&symbol=soon&article=47722912

[aries4747]

Looks like the SOON website is getting a makeover

http://www.china-wintop.com/english/product/product.asp

[aries4747]

SOON (.12) revenue up 73% at $7,209,831.

Revenues were $7,209,831 and $4,159,115 for the three months ended March 31, 2011 and 2010 respectively. Revenues increased by $3,050,716, or 73.35% for the three months ended March 31, 2011, compared to the same period in 2010. Revenues for PU leather and footwear were $6,120,197 and $1,089,633 respectively for the three months ended March 31, 2011, compared to $2,894,601 and $1,264,514, respectively for the three months ended March 31, 2010.

The increase in revenue for our PU leather business was due to a substantial increase in orders from existing distributors. In addition, according to our distributors, the market for PU leather in China has increased since second half year of 2010. Sales from our footwear segment were materially unchanged as we continued to produce our private label “WinTop” flip-flop. Historically, a majority of our footwear sales are to Ransford Limited who sells our footwear products in Africa and the Middle East. Ransford accounted for 100% and 86.32% of our footwear sales for the three months ended March 31, 2011 and 2010, respectively.

Cost of Revenues

Cost of revenue includes our costs of raw materials and salaries of workers. Cost of revenue was $5,532,814 and $3,160,520 for the three months ended March 31, 2011 and 2010, respectively. Cost of revenue for the three months ended March 31, 2011 increased by $2,372,294, or by 75.06%, compared to the same period in 2010. The increase in cost of revenue was primarily attributable to the increase in the purchase of raw materials due to the increase in sales. Stated as a percentage of revenues, cost of revenue for the three months ended March 31, 2011, was 77% and for the corresponding period of 2010 was 76%. The cost of revenue for PU leather and footwear was $4,499,806 and $1,033,008 for the three months ended March 31, 2011 respectively, and $2,053,100 and $1,107,420 for the same period in 2010 Resins and base-cloth represents 80% of the cost of revenues for PU leather. PVC resins, other chemical materials, and labor cost represents 80% of the cost of revenues for footwear. Our ability to control that cost by producing our own resins has contributed to the stability in our cost of revenues as a percent of sales. As part of phase 2 of the San Ming construction project, we will also produce our own base-cloth.

Gross Margin

Gross margin was $1,677,017 and $998,595 for the three months ended March 31, 2011 and 2010, respectively. Gross margin for the three months ended March 31, 2011 increased by $678,422 or by 67.94% compared to the same period in 2010. Increase of gross margin was mainly due to the increased sales of PU leather.

[aries4747]

SOON(.12) files pretty impressive 10-Q, IMO.

A follow-up PR should garner some interest here.

http://www.sec.gov/Archives/edgar/data/861370/000114420411030191/v222424_10q.htm

[aries4747]

SOON files PRE 14-C.

http://www.sec.gov/Archives/edgar/data/861370/000114420411014292/v214278_pre14c.htm

[baglady]

SOON NEWS... Chinese Weituo Technical Limited Completes Reverse Merger to Go Public in the U.S.
Date : 03/10/2011 @ 9:00AM
Source : PR Newswire
Stock : Sooner Hldgs (SOON)
Quote : 0.12 0.0 (0.00%) @ 8:19AM


Chinese Weituo Technical Limited Completes Reverse Merger to Go Public in the U.S.

Sooner Hldgs (USOTC:SOON)
Intraday Stock Chart
Today : Thursday 10 March 2011
On February 14, 2011, Sooner Holding, Inc. (OTC Bulletin Board: SOON) ("the "Company") entered and closed a Share Exchange Agreement ("Share Exchange Agreement"), with certain shareholders, and with Chinese Weituo Technical Limited, a BVI corporation ("Chinese Weituo "), and its shareholders, (collectively the "Chinese Weituo Shareholders"), pursuant to which the Company acquired 100% of the issued and outstanding capital stock of Chinese Weituo in exchange for 19,200 shares of Sooner Holding's Series A Convertible Preferred Stock.

As a result of the Share Exchange Agreement, the Chinese Weituo Shareholders will own 95% of our issued and outstanding common stock on an as-converted common stock basis as of and immediately after the effectiveness of the reverse split as contemplated by the Share Exchange Agreement. Mr. Ang Kang Han was appointed to the Board of Directors of the Company and the Company's executive officers were replaced by the executive officers of Chinese Weituo and its subsidiaries upon the closing of the share exchange. The Company plans to amend its Articles of Incorporation to change its name to Flying Eagle PU Technical Corporation.

Mr. Ang Kang Han, the new Chairman of the Company, commented, "As a leading PU leather company in the industry, we are glad to be public in the U.S. capital market. We think OTCBB is only our first stop, and our goal is to move up to the national market soon."

About the Company

The Company is one of the fastest growing PU leather enterprises in China. Through the Company's subsidiary, ShiShi Plastic Co., Ltd., we provide R&D, manufacturing, marketing of and services for PU synthetic leather products for footwear applications and PVC flip-flops.

Safe Harbor Statement

This press release may contain certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the ability of the Company to grow, despite the current global economic environment; the Company's ability to upgrade to a national exchange; the general ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Company and Investor Relations Contact:


Michael Woo

Tel: [phone]

Mobil: [phone]

[JustJack]

NEWS...

On February 14, 2011, Sooner Holding, Inc. (OTC Bulletin Board: SOON) ("the "Company") entered and closed a Share Exchange Agreement ("Share Exchange Agreement"), with certain shareholders, and with Chinese Weituo Technical Limited, a BVI corporation ("Chinese Weituo "), and its shareholders, (collectively the "Chinese Weituo Shareholders"), pursuant to which the Company acquired 100% of the issued and outstanding capital stock of Chinese Weituo in exchange for 19,200 shares of Sooner Holding's Series A Convertible Preferred Stock.

As a result of the Share Exchange Agreement, the Chinese Weituo Shareholders will own 95% of our issued and outstanding common stock on an as-converted common stock basis as of and immediately after the effectiveness of the reverse split as contemplated by the Share Exchange Agreement. Mr. Ang Kang Han was appointed to the Board of Directors of the Company and the Company's executive officers were replaced by the executive officers of Chinese Weituo and its subsidiaries upon the closing of the share exchange. The Company plans to amend its Articles of Incorporation to change its name to Flying Eagle PU Technical Corporation.

Mr. Ang Kang Han, the new Chairman of the Company, commented, "As a leading PU leather company in the industry, we are glad to be public in the U.S. capital market. We think OTCBB is only our first stop, and our goal is to move up to the national market soon."

About the Company

The Company is one of the fastest growing PU leather enterprises in China. Through the Company's subsidiary, ShiShi Plastic Co., Ltd., we provide R&D, manufacturing, marketing of and services for PU synthetic leather products for footwear applications and PVC flip-flops.

Safe Harbor Statement

[aries4747]

SOON chart.

[aries4747]

MM BMIC at .12 Bid, .55 Ask. Interesting range.

[aries4747]

Description of SOON business

Overview

We are one of the largest Fujian synthetic polyurethane leather (“PU leather”) manufacturer for the shoe industry in Fujian Province, China. Our primary business is the design, manufacturing and sale of PU leather for the shoe manufacturing industry in China. In addition, we manufacture flip-flops and slippers (footwear) for sale in China and abroad. For the nine months ended September 30, 2010 and year ended December 31, 2009, our sales were $16,492,775 and $15,210,827, respectively, for PU leather and $6,970,015 and $6,012,252, respectively, for footwear.

Our PU leather production facilities are strategically located in Fujian Province, the shoe manufacturing center in China. This puts us in close proximity to our target customers. We plan to increase our PU leather production capacity and expand our sales to other industries. Toward this goal, our growth strategy includes expansion projects to build a new fabrication facility in the DaTian technology park in Fujian province, China where many of our customers are located.

Mr. Ang Kan Han is our chairman of the board, president and largest shareholder. Mr. Ang is also known as “Hong Jiang Han” which is Mr. Ang’s Mandarin name spelled in English. As discussed, we intend to build two new PU leather factories. Mr. Ang established Fuijian Feiying Plastic Co., Ltd. (FFP) and Feiying Industrial Co., Ltd. (San Ming) which are wholly-foreign owned enterprises (WFOE) in the PRC, to build the PU leather factories. To facilitate the building of the PU leather factories, we have from time to time advanced funds to both FFP and San Ming. Further, we have entered into a call option agreement with Mr. Ang to allow us to purchase the factories being built by FFP and San Ming at 90% of the net tangible asset value when they are completed. Because Mr. Ang is our president and chairman of the board, we have the power to direct the activities of FFP and San Ming. We have also determined that neither FFP or San Ming currently have been adequately capitalized to carry out their principal operating activities, which is to build a PU leather factory.

Currently, from an accounting perspective, we have determined FFP and San Ming to be variable interest entities (VIE) because of their insufficient capital to carry out their principal operating activities, and we are the primary beneficiary. We will continue to reassess FFP’s and San Ming’s status as VIEs including any potential change in VIE status.

[JustJack]

Too much to read... but Reverse split???

Upon the closing of the Share Exchange on February 14, 2011 we had a total of 14,632,553 shares of common stock and 19,200 shares of Series A Preferred Stock outstanding. Each share of common stock entitles the holder thereof to one vote on each matter which may come before a meeting of the shareholders. Shares of Series A Preferred Stock will automatically convert into shares of common stock on the basis of one share of Series A Preferred Stock for 1,000 shares of common stock immediately subsequent to the effectiveness of a planned 1-for-18.29069125 reverse split of our outstanding common stock (the “Reverse Split”). Upon the Reverse Split the 19,200 outstanding shares of Series A Preferred Stock will automatically convert into 19,200,000 shares of common stock, which will constitute 96% of the issued and outstanding common stock of the Company subsequent to the Reverse Split. Holders of Series A Preferred Stock vote with the holders of common stock on all matters on an as-converted to common stock basis, based on an assumed post 1-for-18.29069125 reverse split (to retroactively take into account the Reverse Split). For example, assuming 100 shares of Series A Preferred Stock are issued and outstanding, on the record date for any shareholder vote, such shares, would have, in aggregate, 1,829,069 votes.

[aries4747]

SOON (.23): Lots of SEC ownership filings last day or so.

http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000861370&type=&dateb=&owner=include&count=40

[JustJack]

As disclosed in our Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on February 14, 2011, as a result the closing of the Share Exchange on February 14, 2011, (i) we ceased being a shell company as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, and (ii) we indirectly control though subsidiaries, ShiShi Feiying, which is engaged in the business of manufacturing and selling of synthetic polyurethane leather for the retail leather industry and for the flip-flop and slippers industry. ShiShi Feiying Plastic is located in ShiShi City, Fujian, China.

[JustJack]

News????

http://ih.advfn.com/p.php?pid=nmona&article=46632939

[JustJack]

Someone is buying.

We are up to .25 today... up 150%

Bring on some news!!!

[nsomniyak]

thanks - let's watch and wait and see if something real develops here.

[okcthunder]

I believe 4% will be retained by Sooner shareholders

[nsomniyak]

that's part of the puzzle, but what I am more curios about is what % of the post reverse split shares will be held by current shareholders. I could dig it out somewhere but if you happen to know it offhand it would save me a little time.

Either way not a huge issue--I have a small position and don't intend to add to it.

[booger]

I read the documents and correct me if I am wrong,it will be 18 to one, I will double check
yes, from the 8-K 14, February 2011

Subsequent to the completion of the Securities Exchange Agreement, Sooner Holdings intends to amend its articles to change its name and effect a 1 for 18.29069125 share consolidation.

[okcthunder]

http://www.china-wintop.com/english/product/product.asp

One of the largest flip flop and PV leather manufacturers in the world now owns SOON.

[nsomniyak]

Looks like SOON has done a reverse merger. Has anyone dug into this to figure out what % of what kind of operation pre-r/m shareholders will own?

[$tockJunkie]

8-K OUT - http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7727253

[nsomniyak]

be still, my beating heart...

[JustJack]

Another 100 shares sold today at .12

WEEEEEEEEEEEEEEEEEEEEEE

[monda2frida]

SOON from 10-k(1-10-11):
Plan of Operation for the Next Twelve Months

Our current business plan is to seek, investigate and, if warranted, acquire one or more properties or businesses, and to pursue other related activities intended to enhance shareholder value. The acquisition of a business opportunity may be made by purchase, merger, exchange of stock, or otherwise, and may encompass assets or a business entity such as a corporation, joint venture or partnership. We intend to seek opportunities demonstrating the potential of long-term growth as opposed to short-term earnings.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7332982

[JustJack]

Last post was 7/21/2010

Can I say what a POS!!!

[lefty18]

Thank you, same to you Mark. Things are going well, although my stocks have been going sideways for a while now. Like this one. Waiting for one to explode to the upside, I have a lot more on my wish list.:)