Replies to post #1412 on China Finance Inc (CHFI)

[silberesel]

China Finance, Inc. Announces New Line of Business and the Signing of a Letter of Intent to Acquire a Controlling Interest in Wenxi Baiyu Magnesium Co., Ltd. and Allscripts Stockholders Approve Misys Transaction Proposals
China Finance, Inc. Announces New Line of Business and the Signing of a Letter of Intent to Acquire a Controlling Interest in Wenxi Baiyu Magnesium Co., Ltd. and Allscripts Stockholders Approve Misys Transaction Proposals

--(www.USEquityNews.com)-- 10/07/2008 - Business Services industry alert provided by U.S. Equity News. China Finance, Inc. (OTC Bulletin Board: CHFI), a provider of financial support and services for China's large and rapidly expanding class of small and medium enterprises ("SMEs"), recently announced that the Company intends to expand its business to include strategic direct investments in and acquisitions of the equity of SMEs through its wholly-owned subsidiary, Value Global International Limited, a British Virgin Islands company ("Value Global"). The Company also announced recently that, consistent with this new line of business, Value Global has signed a non-binding letter of intent to acquire 80% of the current issued and outstanding shares of Wenxi Baiyu Magnesium Co., Ltd. ("WBM") from Shanxi Baiyu Industrial Group ("Shanxi") for approximately $11,420,000 (the "LOI"). The proposed transaction is subject to the satisfactory completion by the Company of due diligence and business negotiations, the finalization of terms for a definitive agreement, and the receipt of final approval from the Company's board of directors and any approvals required under WBM's and Shanxi's governing documents and applicable law. Currently, the Company's business focuses on providing surety guarantees, loan guarantees and short-term loans to SMEs when they seek access to capital or seek to become publicly-traded companies in the United States. The Company believes that the introduction of direct investment and acquisition opportunities is a natural evolution and expansion of its current business. To evaluate direct investment acquisition opportunities, the Company will use investment analysis and due diligence reviews similar to those used by the Company for its current lines of business. In general, the Company expects its direct investments and acquisitions to be made in SMEs in a wide range of industries with annual revenues of at least $30 million.

=> This happened 2009, we will see in the next anual-report...