NOEC 17 MIL OS HUGE RM LOOK AT REVS OF ACQUIRED COMPANY
Xingyang is a leading waste paper recycler and manufacturer of corrugated board in China. In 2011, Xingyang recycled and sold 33,000 tons of waste paper which generated revenue of $8.41 million. In the same period, Xingyang also manufactured and sold 45 million square meters of corrugated paperboard, and 20,000 tons of corrugated papers and carbon board, generating revenues of $30.63 million.