OTC Bulletin Board

S & P Company Insight for CHINAGROWTH SOUTH UT
 
 Profile

 
Business Summary: ChinaGrowth South Acquisition Corporation does not have significant operations. It intends to acquire share capital exchange, asset acquisition or other similar business combination with its primary operating facilities located in the People's Republic of China.
 
Address
  1818 Canggong Road
  Fengxian
Shanghai Chemical Industry Park
  Shanghai 201417
  Phone: 86-21-5744-8336
Auditor
  J.H. Cohn
Transfer Agent
Transfer Agent
  American Stock Transfer & Trust Co.
  American Stock Transfer & Trust Co.
Founded:  2006
Domicile:  Cayman Islands
 
  
 
 Background

 
ChinaGrowth South Acquisition Corporation does not have significant operations. It intends to acquire share capital exchange, asset acquisition or other similar business combination with its primary operating facilities located in the People's Republic of China. The company was founded in 2006 and is based in Shanghai, the People's Republic of China.
History:  INCORPORATED in the Cayman Islands May 3, 2006.
 
 
 
 
  
 
 Management

 

Management
OfficersPosition
 Xuechu  HeChairman
 Michael W. ZhangSecretary & Chief Executive Officer
 Jin  ShiChief Financial Officer & Chief Accounting Officer

Directors
 Xuechu  He
 Jin  Shi
 Xuesong  Song
 Michael W. Zhang
 Teng  Zhou
 
  
 
 Annual Report

 
Annual Report
 
Income Statement
  200720072006
Operating expenses$282,139$298,381$16,242
Loss from operations(282,139)(298,381)(16,242)
Interest income1,686,3581,688,1931,835
Net (loss) income $1,404,219$1,389,812$(14,407)
Net income (loss) per share--basic and diluted $0.25 $(0.01)
Weighted average number of shares
outstanding--basic and diluted5,724,692 1,125,000
See Accompanying Notes to Financial Statements.
Operating Income As Calculated
Depr. and Amort.
Fixed Charges Coverage:
Available for Fixed Charges
Gross Fixed Charges
Fixed Charges Times Earnings
Fixed Charges Coverages and Preferred Dividends Times Earnings
Capital Expenditures
Research & Development Expenditures
 
Balance Sheet
  20072006
Cash and cash equivalents$398,735$157,028
Prepaid expenses18,965--
Investment held in trust38,979,139--
Investment held in trust for Underwriter802,160--
Other receivable3,877--
Deferred offering cost--212,621
Total assets$40,202,876$369,649
Accrued offering costs--149,056
Accrued expenses30,836--
Unsecured promissory notes--210,000
Due to Underwriters802,160--
Total current liabilities832,996359,056
Common Stock subjected to possible conversion to cash (1,002,199 shares at conversion
value)7,952,282--
Total shareholders equity31,417,59810,593
Total liabilities and shareholders equity$40,202,876$369,649
ASSETS
Current assets:
Cash and cash equivalents$398,735$157,028
Prepaid expenses18,965--
Investment held in trust38,979,139--
Investment held in trust for Underwriter802,160--
Other receivable3,877--
Deferred offering cost--212,621
Total assets$40,202,876$369,649
LIABILITIES AND SHAREHOLDERS EQUITY
Current liabilities:
Accrued offering costs--149,056
Accrued expenses30,836--
Unsecured promissory notes--210,000
Due to Underwriters802,160--
Total current liabilities832,996359,056
Common Stock subject to possible conversion to cash (1,002,199 shares at conversion
value)7,952,282--
COMMITMENTS
Shareholders equity:
Preferred shares--$.001 par value; 1,000,000 shares authorized; no shares issued and
outstanding----
Ordinary shares--$.001 par value, 20,000,000 shares authorized; 6,138,500 issued and
outstanding - 2007; 1,125,000 shares issued and outstanding - 20066,1391,125
Additional paid-in capital30,021,64723,875
Retained earnings/(deficit) accumulated during the development stage1,389,812(14,407)
Total shareholders equity31,417,59810,593
Total liabilities and shareholders equity$40,202,876$369,649
Net Working Capital
Equity per Share
Depr. and Amort. Reserve
Preferred Shares Issued
Common Shares Issued
Treasury Shares - Preferred
Treasury Shares - Common
 
  
 
 Interim Report

 
Interim Report   
 
Data Not Available
 
 
 
 
  
 
 Pro Forma Report

 
Pro Forma Report   
 
Data Not Available
 
 
 
 
  
 
 Quarterly Report

 
Quarterly Report Information   
 
Quarterly Revenue
 
Data Not Available
 
Quarterly Net Income
 
Data Not Available
 
Quarterly EPS, US$
YearQuarterRevenue
  2006   Full Year N/A
 
  
 
 Stock Data

 
 
Capitalization as of 06/30/2007:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par1,000,000None
Ordinary $0.001 par20,000,0006,138,500
 
LONG TERM DEBT: None.
 
Ordinary $0.001 par
 
UNITS OFFERED: January 23, 2007, the company, through underwriters led by Morgan Joseph & Co., offered 4,500,000 Ordinary shares and warrants to buy a like number of Ordinary shares in Units (each consisting of one Ordinary share and one warrant) at $8.00 per Unit; comm., $0.56 per Unit. An additional 675,000 Units were available to cover over-allotments. The company also sold to the underwriter, for $100, an option to buy up to a total of 315,000 Units at $10.00 per Unit.
 
Transfer Agent:  American Stock Transfer & Trust Co.   New York , NY
 
OTC Bulletin Board( Primary): CGSXF
 
ExchangeYearHighLow
OTC Bulletin Board20077.28007.2000
Units
 
Transfer Agent:  American Stock Transfer & Trust Co.   New York , NY
 
OTC Bulletin Board( Primary): CGSUF
 
ExchangeYearHighLow
OTC Bulletin Board20078.51007.9500
 
DIVIDENDS: Ordinary $0.001 par: No cash.