A-Power Energy Generation Systems (NASDAQ:APWR) (NASDAQ:APWRW)
("A-Power"), today announced that in order to accommodate
requests received from brokers who had trouble with the exercise, it
will extend the final redemption date for its common stock purchase
warrants to March 31, 2008 from March 24, 2008. After the final
redemption date, holders of warrants who have not exercised them will be
paid $0.01 per warrant, and the warrant will be extinguished.
The common stock purchase warrants were originally issued by Chardan
South China Acquisition Corp. in August 2005. As a result of the merger
of Chardan South and A-Power, the warrants are now exercisable into
common shares of A-Power.
Prior to the final redemption date, holders of the warrants may exercise
them for common shares if the warrants, together with payment in full of
$5.00 per warrant, are received by A-Power’s
stock transfer agent, Continental Stock Transfer and Trust Company, 17
Battery Place, New York, New York 10004, (212) 845-3200.
About A-Power
A-Power Energy Generation Systems, Ltd., formerly Chardan South China
Acquisition Corp., through its PRC operating subsidiary, Liaoning GaoKe
Energy Group Co., Ltd., is the largest provider of distributed power
generation systems in China and will enter into China’s
wind energy market in 2008. The Company is also focused on developing
and commercializing additional renewable energy technologies and has
strategic relationships with both Tsinghua University and the China
Sciences Academy in Guangzhou.
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