Man Sang Holdings, Inc. Completes Corporate Reorganization
August 27 2009 - 10:05AM
Marketwired
Man Sang Holdings, Inc. ("Man Sang Nevada") (NYSE Amex: MHJ), a
Nevada corporation, announced today that the reorganization of Man
Sang Nevada as a British Virgin Islands company has been completed.
Trading of the new British Virgin Islands company, Man Sang
International (B.V.I.) Limited ("Man Sang BVI"), began as of the
opening of trading on the NYSE Amex on August 26, 2009 under the
symbol "MHJ." As a result of the corporate reorganization, at the
close of business on August 25, 2009, each share of Man Sang
Nevada's common stock automatically converted into the right to
receive an ordinary share of Man Sang BVI and each share of Man
Sang Nevada's preferred stock automatically converted into a right
to receive a preferred share of Man Sang BVI, on a share-for-share
basis.
The number of ordinary and preferred shares in Man Sang BVI
owned by each shareholder as a result of the reorganization is the
same as the number of shares of common and preferred stock
previously owned in Man Sang Nevada immediately prior to the
reorganization. Man Sang Nevada's distribution agent will mail to
each holder of record of Man Sang Nevada common stock a letter of
transmittal for use in effecting delivery of certificates formerly
representing the Man Sang Nevada shares to the distribution agent
for conversion into shares of Man Sang BVI.
ABOUT MAN SANG INTERNATIONAL (B.V.I.) LIMITED
Man Sang International (B.V.I.) Limited, formerly Man Sang
Holdings, Inc., is principally engaged through subsidiaries in the
purchasing, processing, assembling, merchandising and wholesale
distribution of pearls, pearl jewelry products and jewelry
products. In addition, Man Sang International (B.V.I.) Limited,
through its subsidiaries, owns and operates commercial real estate
for lease and sale in Hong Kong and the People's Republic of
China.
Forward-Looking Statements
The information above includes forward-looking statements about
Man Sang Nevada and Man Sang BVI. Such forward-looking statements
are subject to certain risks and uncertainties, as disclosed by Man
Sang Nevada from time to time in its filings with the U.S.
Securities and Exchange Commission. As a result of these factors,
Man Sang BVI's actual results may differ materially from those
indicated or implied by such forward-looking statements.
CONTACT: Man Sang International (B.V.I.) Limited Mr. Martin Pak
Phone: (852) 2317 9888 E-mail: Email Contact The Altman Group
Patricia Baronowski Email Contact
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