SIVC Next Reverse Merger to close should be this one. Dividend of some of these shares to us.
S3 Investment Company Announces Additional Reverse Merger Client for Redwood Capital....
Subsidiary Redwood Capital, Inc. has signed Changzhou HaiJai Metallurgical Machinery Manufacturing Co. Ltd. (CMMC), a leader in metal fabrication, as a new client for its reverse merger services.
Redwood Capital has signed to assist Changzhou HaiJai Metallurgical Machinery Manufacturing Co. with efforts to access the U.S. capital markets through a reverse merger into a U.S. public company. Redwood Capital provides an array of services to private Chinese companies and utilizes its extensive network of investment banking relationships to facilitate the client’s listing on a U.S. public market.
January 10, 2008 - 9:57 AM EST
S3 Investment Company Board Discusses Plan to Dividend Shares of Redwood Capital Client Companies to S3 Shareholders.
...today announced that the company's Board of Directors has met and discussed a plan to dividend shares of the stock of Redwood Capital's reverse merger clients to S3 shareholders of record at a future date.
The meeting of the company's Board of Directors was held in December at the company's corporate offices in Danville, California. At the meeting, the Board began to formulate its strategy to deliver value to S3 shareholders through the dividend of a percentage of the post-close equity that Redwood Capital is expected to receive from each reverse merger transaction.
S3's Redwood Capital subsidiary participated in a recently closed acquisition transaction involving Dalian Chuming, a pork processing company with USD $70.4 million in sales in 2006, and USD $89.7 million in unaudited sales in the first three quarters of 2007. Energroup Holdings Corporation, a publicly traded Nevada corporation, has acquired all of the issued and outstanding capital stock of Precious Sheen Investments Limited, a British Virgin Islands corporation ("PSI") and parent company of PRC-based Dalian Chuming. Energroup Holdings Corporation is traded on the Over-the-Counter Bulletin Board market under the symbol ENHD.
Redwood Capital is working with additional current clients to complete acquisition transactions with U.S. public companies, and S3 chairman and chief executive officer Jim Bickel has traveled to China for meetings with potential new Redwood Capital clients.
"S3's Board is committed to providing tangible return to the company's shareholders, and a dividend of a percentage of the shares that Redwood receives as a result of its work on behalf of clients that achieve listings in the U.S. markets is expected to do just that," Jim Bickel, chairman and chief executive officer of S3 Investment Company. "Each Redwood client is expected to be a company with significant revenues, as the recently closed transaction demonstrates. We intend to keep S3 shareholders and the public markets up to date on the Board's dividend plans and they are further developed and then implemented."
November 20, 2007 - 10:00 AM EST
S3 Investment Company Announces $21.7 Million in 2007 Revenues for Redwood Capital Client Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd.
S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that the 2007 fiscal year revenues (audited) for Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. (CMMC), a reverse merger client of S3's Redwood Capital, Inc. subsidiary, exceeded $21.7 million.
An audit of the company's financials is an important milestone in the planned reverse merger of Changzhou Haijie Metallurgical Machinery Manufacturing Co. into a U.S. public company. The 2007 audited revenue numbers are reflective of a March 31, 2007 fiscal year end for Changzhou Haijie Metallurgical Machinery Manufacturing Co.
Changzhou Haijie Metallurgical Machinery Manufacturing Co.'s fabrication, machinery and assembly products are already distributed internationally to a select few significant foreign companies, and with its planned entry into the U.S. capital markets, the company is expected to expand distribution to additional worldwide markets. The company is also expanding internally with additional property and a new 200-ton heavy-duty steel structure workshop due to open later this month.
December 4, 2007 - 9:35 AM EST
S3 Investment Company Announces Redwood Capital Client Agreement: Hunter Wise Financial Group, LLC to Provide Investment Banking Services for Reverse Merger Transaction
S3 Investment Company, Inc. (PINKSHEETS: SIVC), a holding company with two subsidiaries doing business in the China market, today announced that Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. ("Haijie"), a reverse merger client of S3's Redwood Capital, Inc. subsidiary, has selected Hunter Wise Financial Group, LLC of Irvine, California to act as the exclusive investment banking firm for its reverse merger into the U.S. public markets.
S3 and Redwood Capital recently announced that the 2007 fiscal year revenues (audited) for Haijie exceeded $21.7 million.
Hunter Wise Financial Group, LLC and its wholly owned Broker/Dealer, Hunter Wise Securities, LLC, a FINRA and SIPC member firm, provide investment banking services including institutional finance, financial advisory services, international transactions, and mergers, acquisitions and divestitures. Changzhou Haijie Metallurgical Machinery Manufacturing Co. has engaged Hunter Wise Financial Group to act as its exclusive financial advisor, and Hunter Wise Securities to act as the exclusive placement agent in connection with its pursuit of a U.S. public listing.
"Hunter Wise has proven to be a highly effective investment banking partner for Redwood Capital's reverse merger clients, and we are pleased that they have been retained to handle the investment banking services for Changzhou Haijie Metallurgical Machinery Manufacturing Co.," said S3 Chairman and Chief Executive Officer Jim Bickel.
Redwood Capital, which provides an array of services to private Chinese companies and utilizes its extensive network of investment banking relationships to facilitate the client's listing on a U.S. public market through a reverse merger process, is currently assisting with Haijie's entrance into the U.S. markets.
Changzhou Haijie Metallurgical Machinery Manufacturing Co. Ltd. is located in the Xinbei District of the Changzhou High and New Technology Industrial Development Zone, which lines the southern bank of the Yangtze River in the northern part of the city. Changzhou, which is among the top 50 Chinese cities in terms of its comprehensive economic strength, has been characterized as an investment magnet due to its rich history, pleasant living environment, daily conveniences, respect for diverse customs, perennially congenial climate, solid industrial foundation, industrial diversity, good legal environment and government efficiency, and geographical advantages and low logistics costs.
Historically, Changzhou Haijie Metallurgical Machinery Manufacturing Co. was a sub-plant of Baosteel Group, one of the most profitable steel enterprises in the world, with an annual production capacity of about 20 million tons. Following a management buyout, the main products of Haijie include complete sets of metallurgical equipment and spare parts, electrical power equipment (including wind-driven generator boxes and large scale transformers), automotive parts, mechanical engineering parts, and large gearboxes.
Haijie's fabrication, machinery and assembly products are already distributed internationally to a select few significant foreign companies, and with its planned entry into the U.S. capital markets, the company is expected to expand distribution to additional worldwide markets. The company is also expanding internally with additional property and a new 200-ton heavy-duty steel structure workshop due to open later this month.
