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[ Mon, May 17th 2010
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[ Mon, May 17th 2010
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[ Mon, May 17th 2010
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[ Mon, May 17th 2010
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[ Sun, May 16th 2010
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[ Sun, May 16th 2010
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[ Sun, May 16th 2010
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[ Sun, May 16th 2010
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[ Sun, May 16th 2010
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[ Sat, May 15th 2010
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[ Fri, May 14th 2010
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[ Fri, May 14th 2010
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Zongshen PEM Power Systems Inc. Announces First Quarter 2010 Financial Results
(a) a cash payment of Chinese Renminbi ("RMB") 503,820,000 ($76,983,727), of which RMB 188,932,500 ($28,868,898) shall be paid on closing to HKVAS, with the remaining RMB 314,887,500 ($48,114,829) to be paid 18 months following closing, which shall be evidenced by a promissory note (the "Promissory Note") issued by the Company to HKVAS on closing; and (b) the issuance of 39,724,666 common shares in the capital of the Company (the "Common Shares") to HKVAS on closing.
Dial in number: 1-800-946-0782 (North America) or 1-719-325-2112 (International) Taped Replay: 1-888-203-1112 (North America) or 1-719-457-0820 (International) Taped Replay Pass Code: 9441004 (Available until May 31, 2010, 11:59 p.m. ET) Live Webcast Link: [ http://viavid.net/dce.aspx?sid=0000759B ]