On December 6, 2010, Nanjing Red Sun Co., Ltd’s proposal for material assets reorganization by issuing shares to buy assets won conditional approval from the Review Committee of Merger, Acquisition and Reorganization of Listed Companies of the China Securities Regulatory Commission. JC Master engaged by the offeror advised on this material assets reorganization.
Red Sun conducted this material assets reorganization by issuing shares directionally to Nanyinong Group to buy its three companies’ 100% equity respectively.
