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Strategies & Market Trends : Greater China Junior Stocks

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To: Julius Wong who started this subject	6/1/2003 9:07:24 AM
From: Julius Wong	of 1992

New China Homes, Ltd. Announces Shareholder Approval of Going Private Transaction BOCA RATON, Fla., March 19 /PRNewswire-FirstCall/ -- New China Homes, Ltd., (Nasdaq: NEWC - News) today announced that its shareholders approved the proposal to redomicile the Company from the Cayman Islands to the British Virgin Islands followed by a merger of the Company into Zhongshan Developments Limited, a new British Virgin Islands company, which will continue the business of the Company and will survive the merger. The Company's shareholders voted on the going private proposal at a special meeting of shareholders held on March 18, 2003. In poll voting, the proposal received favorable votes of 96.47% of the shares represented and voting (in person or by proxy) at the shareholder meeting, which exceeded the two-thirds vote (of the votes properly represented and cast at the meeting) required to approve the transaction. biz.yahoo.com

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