Amended F-3 changed language regarding dividend
Previous filing (9/23):
"We do not currently have any plans to pay any cash dividends in the foreseeable future on our shares being sold in this offering. We currently intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business."
Amended filing (10/09):
"Our Board of Directors has not yet made a determination as to the Company’s dividend policy for 2015 or the foreseeable future. We continue to monitor a continued slowdown in China’s economy as well as China’s real estate sector which would negatively impact the building materials industry. Further, our management believes that it is likely that difficult market conditions in our business sector will prevail for the rest of the year and for some time beyond. Therefore, our Board will engage in additional deliberations in the future as to our dividend policy. In light of the foregoing, we have no current plans to pay any cash dividends on our shares being sold in this offering."
The changed language is consistent with what was said on the last conference call so it's not really news, but I'm glad that they made this correction to the filing and made it clear that the company can pay dividends depending on market conditions.
