China Jiangsu Golden Horse Steel Announces Common Share Reduction

Resource from: CBCC Likes:2991

Feb 15,2008

China Jiangsu Golden Horse Steel Announces Common Share Reduction Feb 12, 2008, China Jiangsu Golden Horse Steel Ball, Inc. (PINKSHEETS: CJGH) (FRANKFURT: 4J3) ("Golden Horse" or "the Company"), a leading Chinese manufacturer and supplier of ball bearings, announced today a capital restructure of its common stock. As of 11 February 2008, twenty (20) million common shares have been retired to treasury, leaving the total shares outstanding at 27,510,217. About Us: Golden Horse along with its affiliates and controlled entities is one of the top five manufacturers of steel ball bearings in China. The Company produces over three billion ball bearings annually of various specifications along with its development of over 15 new products, such as stainless steel balls, aluminum balls, and ceramics balls. In addition, the Company continues to export its products to over twenty countries worldwide including the USA, Japan, Brazil, India, and Germany. For more information, please contact: China Jiangsu Golden Horse Investor Relations Contact: Tel: 1-866-365-4724 Website: http://www.goldenhorsesteel.comSOURCE: China Jiangsu Golden Horse http://www.goldenhorsesteel.com

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