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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: crimson who wrote (76873)	2/18/2000 9:46:00 AM
From: vagabond	Respond to of 108040

Another of the almost-daily CHCL news-releases... ==================== Friday February 18, 8:01 am Eastern Time SOURCE: China Continental, Inc. China Continental to Receive First Tranche of US$100 Million MTN Funding HONG KONG, Feb. 18 /PRNewswire/ -- China Continental, Inc. (OTC Bulletin Board: CHCL - news), currently in the process of expanding its operations internationally, said yesterday that it will be receiving by next week the first tranche of US$10 million of its US$100 million Medium Term Note (MTN) funding. The MTN Agreement, which was recently finalized, will be used to accelerate the Company's expansion plans to further enhance its international presence. The total funding is anticipated to be complete within six months. ``This MTN will provide China Continental with the necessary capital to expand our business operations internationally,' commented Mr. Harry H.H. Ho, Chairman of China Continental, Inc. In early February, the Company unveiled its plan to establish a strong presence in Pakistan and to develop the dairy industry and related infrastructure there. Yesterday, China Continental announced that it has signed an agreement with Stock Links Investments Management Limited to acquire a 10% stake in Pakistan-based Trust Investment Bank. 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's agricultural genetics and farming activities are centralized in the Inner Mongolia Province of China, covering an area of 406 square kilometers to commercialize its genetic techniques in breeding as well as propagating superior livestock and products in its own Research and Development Institute.