Good Life China Corporation (GLCC)

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.."Mr. Yang, a company spokesperson, said: "The company has identified a couple of possible buyers for some of its North American assets. We were particularly interested in small public companies or at least much smaller size than us, and those that demonstrate vertical growth opportunities in their sector. Our reasoning is twofold. One reason is we are currently considering, and evaluating our corporate adviser's recommendation of spinning out this sale proceeds as a 1 time special dividend to our shareholders.
At present, "insiders" own 80 million shares of GLCC. The second reason is, as currently issued restricted shares mature and become free trading (currently at 32 million shares), the company sees this dividend payment as one of the first of several incentives to attract long term shareholders instead of day traders and stock traders."