Lihua International Inc fka LIWA

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#####LIWA .301 DD Chart bottom entry on watch#####

WXIDG holding 13 Million shares of LIWA or 44%, out of 30 m OS



On May 14, 2014, Ms. Daphne Huang, Chief Financial Officer of Lihua International, Inc. (the “Company”), received a copy of an executed stock purchase agreement (the “Agreement”), dated May 11, 2014, between Magnify Wealth Enterprises Limited, a BVI company (“Magnify Wealth”) and Power Apex Holdings Limited, a BVI company (“Power Apex”). Pursuant to the Agreement, Magnify Wealth sold 13,195,000 shares of common stock of the Company (the “Shares”) in a private transaction to Power Apex. The Shares represent approximately 44% of the total share ownership of the Company. Magnify Wealth’s share ownership was reduced to 155,000 shares of common stock of the Company after the sale. Mr. Zhu, the Company’s former Chairman, CEO and President, is the sole director and sole officer of Magnify Wealth. The shareholders of Magnify Wealth are Mr. Chu Fu Ho and Europe EDC.

Based upon information provided to the Company, Wuxi Industry Development Group Co., Ltd. (“WXIDG”) is an indirect substantial shareholder of Power Apex. WXIDG is a state-owned enterprise of the People’s Republic of China, which was established by the Wuxi City government in 2008. According to information provided to the Company by WXIDG and publicly available information, as of the end of 2013 WXIDG had total assets of approximately RMB 29.4 billion (~$4.7 billion), net assets of approximately RMB 15.5 billion (~$2.5 billion), and was ranked number 210 among the top 500 companies in China.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10000113


Sat, 28 Jun 2014 17:04:18 GMT ~ LIHUA INTERNATIONAL INC. Financials
read full: http://finance.yahoo.com/q/is?s=liwa


Thu, 26 Jun 2014 16:38:00 GMT ~ Lihua International (LIWA) Stock Hits All-Time Low
read full: http://www.thestreet.com/story/12758484/1/lihua-international-liwa-stock-hits-all-time-low.html?puc=yahoo&cm_ven=YAHOO


Thu, 26 Jun 2014 15:44:00 GMT ~ Investor Alert: 4 Days Remain Until Deadline in Class Action Against Lihua International, Inc.; Investors Encouraged to Contact Holzer & Holzer Regarding Their Rights
[Business Wire] - Holzer & Holzer, LLC announces that a class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of investors who purchased Lihua International, Inc.
read full: http://finance.yahoo.com/news/investor-alert-4-days-remain-154400506.html


Mon, 23 Jun 2014 21:45:00 GMT ~ Lihua International Announces Receipt Of Nasdaq Notice
[PR Newswire] - DANYANG, China, June 23, 2014 /PRNewswire/ -- On June 17, 2014, Lihua International, Inc. (the "Company"), received a letter from The NASDAQ Stock Market LLC ("Nasdaq"), which stated that the Nasdaq Staff has determined to delist the Company's securities pursuant to its discretionary authority under Listing Rule 5101. The Nasdaq Staff cited a number of reasons for their decision, including: 1) public interest concerns associated with the allegations against the Company's former CEO and Chairman, Mr. Jian Hua Zhu, and the Company's operational and financial status since those allegations were made public; 2) alleged violations by the Company of Listing Rule 5250(b)(1), which sets forth a listed company's obligation to make prompt disclosure to the public through any Regulation FD compliant method (or combination of methods) of disclosure of any material information that would reasonably be expected to affect the value of its securities or influence investors' decisions; The Company has not yet made a determination as to whether it will appeal the Nasdaq Staff's decision to delist.
read full: http://finance.yahoo.com/news/lihua-international-announces-receipt-nasdaq-214500713.html


Mon, 23 Jun 2014 19:21:32 GMT ~ LIHUA INTERNATIONAL INC. Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or St
read full: http://finance.yahoo.com/q/sec?s=liwa