The IR is making a recommendation of the sale to Eng America. The GLCC shareholders will remain owning their current GLCC stock plus will receive additional stock in Eng America as per the corporate filings of the issuer of July 9 2008. Assuming the deal is consummated and completed with Eng America GLCC will be made available to quire other assets and move in another direction. The IR has already received an express agreement from a Chinese based "Super Shopping Centre" (similar to Costco in USA for example) with 600 locations in China for a merger into GLCC.
I guess that it wasn't such a bad deal to go from Chinese Costco to Moonpie makers was it? After all somebody has to bake the moonpies and it might as well be Good Life!!
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