Man Sang International (B.V.I.) Limited Announces Results of March 19, 2010 Special Meeting of Shareholders
March 23 2010 - 7:39AM
Marketwired
Man Sang International (B.V.I.) Limited (NYSE Amex: MHJ), to be
renamed China Metro-Rural Holdings Limited ("MSBVI"), today
announced the results of the special meeting of shareholders of
MSBVI held on March 19, 2010 (the "Special Meeting"). At the
Special Meeting, holders of approximately 98.8% of MSBVI's
outstanding voting shares represented at the Special Meeting
approved the merger agreement and adopted the proposed merger with
China Metro-Rural Limited ("China Metro") in an all stock
transaction, pursuant to which Creative Gains Limited, a
wholly-owned subsidiary of MSBVI, will merge with and into China
Metro with China Metro continuing as the surviving company and a
wholly-owned subsidiary of MSBVI. In addition, holders of
approximately 98.6% of MSBVI's outstanding voting shares
represented at the Special Meeting approved the adoption of an
amended and restated memorandum of association and articles of
association of MSBVI in order to: (i) change MSBVI's name to China
Metro-Rural Holdings Limited, and (ii) increase the number of
authorized shares of MSBVI from 100,200,000 to 1,000,200,000
shares, comprised of 1,000,000,000 ordinary shares and 200,000
preferred shares. The parties expect to close the merger on or
before March 31, 2010.
ABOUT MAN SANG INTERNATIONAL (B.V.I.)
LIMITED Man Sang International (B.V.I.) Limited, formerly Man
Sang Holdings, Inc. and soon to be renamed China Metro-Rural
Holdings Limited, is principally engaged through subsidiaries in
the purchasing, processing, assembling, merchandising and wholesale
distribution of pearls, pearl jewelry products and jewelry
products. In addition, Man Sang International (B.V.I.) Limited
also, through its subsidiaries, owns commercial real estate for
lease in Hong Kong and has developed a large scale international
pearl and jewelry trading platform comprised of a market center
with 2,380 booths and shops, manufacturing and processing blocks,
and residential and commercial buildings, in Zhuji of Zhejiang, the
People's Republic of China.
ABOUT CHINA METRO-RURAL LIMITED China
Metro-Rural Limited, formerly Mega Dragon Limited, is one of the
leading developers and operators of large scale, integrated
agricultural logistics and trade centers in Northeast China that
facilitate trade between sellers and buyers of agricultural
commodities and small appliances, provide physical platform and
timely marketing information and supply a transparent and
competitive market price discovery mechanism and infrastructure for
rural value addition and empowerment.
Forward-Looking Statements The information
above includes forward-looking statements about Man Sang
International (B.V.I.) Limited. Such forward-looking statements are
subject to certain risks and uncertainties, as disclosed by Man
Sang International (B.V.I.) Limited from time to time in its
filings with the U.S. Securities and Exchange Commission. As a
result of these factors, Man Sang International (B.V.I.) Limited's
actual results may differ materially from those indicated or
implied by such forward-looking statements. Man Sang International
(B.V.I.) Limited disclaims any intent or obligation to update these
forward-looking statements.
CONTACT: Man Sang International (B.V.I.) Limited -- Investor
Relations Department Phone: (852) 2317 9888 E-mail: Email
Contact
Man Sang (AMEX:MHJ)
Historical Stock Chart
From Apr 2024 to May 2024
Man Sang (AMEX:MHJ)
Historical Stock Chart
From May 2023 to May 2024