United States: Thelen China Team Closes Two More Reverse Mergers
Last Updated: March 20 2007

SHANGHAI, NEW YORK, AND WASHINGTON, DC (March 7, 2007)—Thelen Reid Brown Raysman & Steiner LLP’s China practice group has just completed two reverse merger transactions on behalf of two clients based in China.

In the first reverse merger, Thelen represented Sutor Steel Technology Co., Ltd. in the closing of a stock exchange transaction with Bronze Marketing, Inc. and a related $12 million private placement financing. As a result of the exchange transaction, which closed on February 1, 2007, Sutor Steel has become a wholly-owned subsidiary of Bronze Marketing, and the companies will now operate on a consolidated basis.

Sutor Steel manufactures and sells steel finishing fabrication products through its wholly-owned subsidiaries Changshu Huaye Steel Strip Co., Ltd. and Jiangsu Coldrolled Technology Co., Ltd., located in the People's Republic of China.

In the second deal, which closed on February 16, 2007, the firm represented Ritar International Group Limited in a share exchange transaction with Concept Ventures Corporation and a related $12.25 million private placement financing.

Ritar, now a wholly-owned subsidiary of Concept Ventures, designs, develops, manufactures and sells environmentally friendly lead-acid batteries with a wide range of applications and capacities, and has a strong presence in China’s light electric vehicle (or "LEV") market.

Both deals utilize the Alternative Public Offering (or "APOSM") transaction model. APOSM is a service mark of Halter Financial Group, Inc. (HFG). HFG’s APO services allow privately-held corporations to go public via the reverse merger process and simultaneously complete a private capital raising transaction.

The transaction team for these matters was led by Shanghai managing partner Tom Shoesmith and Washington, DC-based Business and Finance partners Lou Bevilacqua and Joe Tiano, and includes Washington, DC associates Jing Zhang and Qixiang Sun, and Simone McBean Yatrakis, along with PRC legal consultants Qiaozhu Chen and Julian Zou in the firm’s Shanghai office.

Click here to read about the China team’s handling of two recent IPPs.

For more information, contact:

Kevin Livingston
National Manager of Public Relations
Thelen Reid Brown Raysman & Steiner LLP
415.369.7224
klivingston@thelen.com

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