Hartcourt Companies (fka HRCT)

[Tin-Berrygood]

I'd say besides the obvious fact that a listing of any kind is valuable for China companies (the china government has slowed the process for their companies to list in the US ..Per Dr. Hu at the meeting) there is the money Dr. Hu is raising for the deal..4 million dollars for expansion and to pay shareholders is a lotta dough for them in this situation, I would think..Jmo...

and Dr. Hu would be the only guy I know that would be able to accomplish this task..That being just my humble opinion (I know how folks tend to cut and paste my posts..lol) and should this thing go exactly as planned, I will be even happier than I am today..lol

Hope this helps a bit..

Aloha

As a part of the deal, the Company also agreed to raise US$4 million cash to finance the expansion plan of ZDEG and ZDHL as well as the equity buyout from their minority shareholders. Several Asia based institutional investors have signed term sheets, with a view to providing such funds as equity investors of the Company, subject to the final completion of the acquisition deal