 |
| | 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 | | | |
| | 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
|
|---|
| Officers | Position |
|---|
| Xuechu He | Chairman | | Michael W. Zhang | Secretary & Chief Executive Officer | | Jin Shi | Chief Financial Officer & Chief Accounting Officer |
| | Directors |
|---|
| Xuechu He | | Jin Shi | | Xuesong Song | | Michael W. Zhang | | Teng Zhou | | | |
| | | | Capitalization as of 06/30/2007: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Preferred $0.001 par | 1,000,000 | None | | Ordinary $0.001 par | 20,000,000 | 6,138,500 |
| | | | 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 | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2007 | 7.2800 | 7.2000 |
| | Units | | | | |
Transfer Agent: American Stock Transfer & Trust Co.
New York
, NY | | | | OTC Bulletin Board( Primary): CGSUF | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2007 | 8.5100 | 7.9500 |
|
| | | | DIVIDENDS: Ordinary $0.001 par: No cash. | | | | | |
| | Annual Report |
|---|
| | | Income Statement | |
| 2007 | 2007 | 2006 |
|---|
| Operating expenses | $282,139 | $298,381 | $16,242 | | Loss from operations | (282,139) | (298,381) | (16,242) | | Interest income | 1,686,358 | 1,688,193 | 1,835 | | 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 diluted | 5,724,692 |
| 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 | |
| 2007 | 2006 |
|---|
| Cash and cash equivalents | $398,735 | $157,028 | | Prepaid expenses | 18,965 | -- | | Investment held in trust | 38,979,139 | -- | | Investment held in trust for Underwriter | 802,160 | -- | | Other receivable | 3,877 | -- | | Deferred offering cost | -- | 212,621 | | Total assets | $40,202,876 | $369,649 | | Accrued offering costs | -- | 149,056 | | Accrued expenses | 30,836 | -- | | Unsecured promissory notes | -- | 210,000 | | Due to Underwriters | 802,160 | -- | | Total current liabilities | 832,996 | 359,056 | | Common Stock subjected to possible conversion to cash (1,002,199 shares at conversion |
|
| | value) | 7,952,282 | -- | | Total shareholders equity | 31,417,598 | 10,593 | | Total liabilities and shareholders equity | $40,202,876 | $369,649 | | ASSETS |
|
| | Current assets: |
|
| | Cash and cash equivalents | $398,735 | $157,028 | | Prepaid expenses | 18,965 | -- | | Investment held in trust | 38,979,139 | -- | | Investment held in trust for Underwriter | 802,160 | -- | | Other receivable | 3,877 | -- | | Deferred offering cost | -- | 212,621 | | Total assets | $40,202,876 | $369,649 | | LIABILITIES AND SHAREHOLDERS EQUITY |
|
| | Current liabilities: |
|
| | Accrued offering costs | -- | 149,056 | | Accrued expenses | 30,836 | -- | | Unsecured promissory notes | -- | 210,000 | | Due to Underwriters | 802,160 | -- | | Total current liabilities | 832,996 | 359,056 | | Common Stock subject to possible conversion to cash (1,002,199 shares at conversion |
|
| | value) | 7,952,282 | -- | | COMMITMENTS |
|
| | Shareholders equity: |
|
| | Preferred shares--$.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 - 2006 | 6,139 | 1,125 | | Additional paid-in capital | 30,021,647 | 23,875 | | Retained earnings/(deficit) accumulated during the development stage | 1,389,812 | (14,407) | | Total shareholders equity | 31,417,598 | 10,593 | | Total liabilities and shareholders equity | $40,202,876 | $369,649 | | Net Working Capital |
|
| | Equity per Share |
|
| | Depr. and Amort. Reserve |
|
| | Preferred Shares Issued |
|
| | Common Shares Issued |
|
| | Treasury Shares - Preferred |
|
| | Treasury Shares - Common |
|
|
| | | |
| | Interim Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
|
|---|
| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
|
|---|
| | | Quarterly Revenue |
|---|
| | | Data Not Available | | | | Quarterly Net Income |
|---|
| | | Data Not Available | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2006 |
Full Year
| N/A |
| | | |
| |
|
