Looks like our wait on AAAC.OB might be over soon.
Great news - New filing yesterday:
http://www.sec.gov/Archives/edgar/data/1332552/000095012408000065/k22454a3sv4za.txt
Highlights:
- The board of directors of Asia Automotive Acquisition Corporation ("AAAC")
and its wholly-owned subsidiary, Tongxin International Ltd. ("TXI") have
unanimously approved the acquisition of the shares of Hunan Tongxin Enterprise
Co, Ltd. ("Hunan Tongxin") in the People's Republic of China, pursuant to a
Equity Acquisition Agreement whereby AAAC will purchase all of the outstanding
shares of common stock of Hunan Tongxin held by the stockholders (the "Hunan
Tongxin Stockholders"). The board of directors of AAAC also has unanimously
approved the simultaneous reincorporation of AAAC from the State of Delaware to
the British Virgin Islands, through a redomestication merger with TXI. - The date for the special meeting of shareholders related to proposed merger has been set for January 24th, 2008. Proxy is being mailed to all shareholders now.
- AAAC's common stock, warrants and units are currently listed on the
Over-the-Counter Bulletin Board under the symbols AAAC, AAACW and AAACU,
respectively. TXI has applied to have its securities listed on the Nasdaq Global
Market effective at the time of the redomestication merger. The proposed
symbols are TXIC, TXICW and TXICU.
Make sure to weigh your risks associated with the merger. Good luck to All!
P.S. Note on Harbin Electric (HRBN) - The stock reached $28.00 few days before a big pullback, making it an official 250% gainer in 12 months since the original recommendation at $8 in January. I'm now considering dropping it from the list of undiscovered stocks, as it is "on the charts" now. I will probably provide one last update on it shortly.
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