News Focus
News Focus
icon url

ToyotaMR2s

10/07/09 12:21 PM

#5364 RE: Mark #5360

don't worry about it....this part of PR scares me...

Stone Tan is a public blank check company organized as a corporation under the laws of the State of Delaware on January 24, 2007 to effect a business combination with an unidentified operating business in the PRC. In October 2007, it received net proceeds of approximately $260 million from a private placement and an initial public offering of its securities, substantially all of which was deposited in the trust account. Other than such offerings and the pursuit of a business combination, Stone Tan has not engaged in any business to date. There are currently 32,970,300 IPO shares outstanding and entitled to participate in the liquidation of the trust account. The are currently 39,170,300 warrants outstanding that will expire upon such liquidation.