Another CHCL release, have little idea what to make of it (certainly written in positive terms, but lacking specifics)...
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Monday February 28, 8:34 am Eastern Time
SOURCE: China Continental, Inc.
China Continental Announces Restructuring
HONG KONG, Feb. 28 /PRNewswire/ -- China Continental, Inc. (OTC Bulletin Board: CHCL - news) will announce next month its comprehensive restructuring and reorganization plans.
With the rapid expansion that China Continental is undergoing, this restructuring is necessary in order to meet the increase in workload and prepare the Company to meet its new expansion plans.
``It is essential that we have the necessary and relevant personnel to fill various positions which have arisen as a result of our expansion projects,' commented Mr. Harry H.H. Ho, Chairman of China Continental, Inc. ``This restructuring will ensure that the Company grows in the most efficient manner.'
Continued Mr. Ho, ``Some of the projects of the proposed programs include Asia Continental's capacity expansion and listing on the Singapore Stock Exchange, investments in two Internet companies, expansion of Dong Wu Bio Tech Farm, and in Pakistan, our dairy project, banking and cable licensing opportunities.'
``The expansion projects we have planned will be a major boost to our revenue and increase the Company's profile in the public's eyes,' Mr. Ho added.
About China Continental, Inc.
China Continental, Inc., traded on the OTC Bulletin Board market since 1995, is a holding company with over ten years of experience in developing turnkey businesses. Core activities include supplying manufacturing technology on a turnkey basis, high technology manufacturing techniques in primary industries, and developing and providing technologies in agricultural genetics and farming. The Company has also announced negotiations to invest in two Internet companies and several significant projects in Pakistan. |
