China ACM Appoints New Independent Director
May 05 2011 - 10:35AM
Marketwired
China Advanced Construction Materials Group, Inc. (NASDAQ: CADC)
("China ACM"), a leading provider of eco-friendly ready mix
concrete and related technical services in China, today announced
it has appointed Mr. Jin Tao as an Independent Director bringing
the eight-member board to a total number of five Independent
Directors.
Fluent in English and Mandarin, Mr. Jin is currently a Senior
Partner with the Beijing law firm of Jincheng TongDa & Neal,
where he specializes in M&A, foreign investments in China and
capital market transactions. Mr. Jin started his legal career in
1996 at the New York office of Cleary, Gottlieb, Steen &
Hamilton where he represented numerous investment banks and
corporations in a variety of M&A and capital markets
transactions.
He joined Sullivan & Cromwell's Hong Kong office in 1999
where he continued to focus on M&A transactions for major
multinational corporations, investment banks, PRC corporations and
private equity funds. Mr. Jin joined JP Morgan's legal department
in 2002 as head legal counsel for M&A and capital market
transactions in China. Immediately prior to joining Jincheng
TongDa, Mr. Jin was a partner with Jun He Law Offices from 2005
through 2010. He received his B.S. from Beijing University and his
J.D. from Columbia University in New York. Mr. Jin was admitted to
both the New York and American Bar Associations.
Commenting on his appointment to China ACM's Board, Mr. Jin
said, "As a rapidly growing emerging company, China ACM is well
positioned to play a key role in China's multi-trillion dollar
infrastructure build out. I am delighted to join China ACM's Board.
The Company has a strong reputation and competitive position in a
large market with numerous long-term growth drivers. I look forward
to working with China ACM's Board and management team to capitalize
on the significant growth opportunities ahead."
"Mr. Jin is a highly respected, securities and transaction
attorney whose legal career has been dedicated to successfully
bridging the U.S. securities and Chinese capital markets," said Mr.
Xianfu Han, China ACM Chairman and Chief Executive Officer. "As we
actively seek to form lasting strategic alliances within our
industry, and do business in markets outside China, Mr. Jin's
guidance will be invaluable and we welcome him on board."
"We welcome Mr. Jin to our Board of Directors," said, Jeremy
Goodwin, President and CFO of China ACM. "China ACM has always been
committed to the highest standards of corporate governance. We
believe the appointment of Mr. Jin as an Independent Director
further validates this commitment."
About China ACM China ACM is a leading
producer of advanced, certified eco-friendly ready-mix concrete
(RMC) and related technical services for large scale, high-speed
rail (HSR) and other complex infrastructure projects. Leveraging
its proprietary technology and value-add engineering services
model, the Company has won work on numerous high profile projects
including the 30,000 km China HSR expansion, the Olympic Stadium
Bird's Nest, Beijing South Railway Station, Beijing International
Airport, National Centre for Performing Arts, CCTV Headquarters,
Beijing Yintai Building and U.S. and French embassies.
Founded in 2002, Beijing-based China ACM provides its materials
and services through its network of fixed ready-mix concrete plants
covering the Beijing metropolitan area. It also has technical
consulting services and preferred procurement agreements with other
independently-owned plants across China. Additionally, the Company
owns numerous portable plants deployed in various provinces across
China primarily to major high speed rail projects. More information
about the Company is available at www.china-acm.com.
Forward-Looking Statements This press
release contains statements that are forward-looking in nature,
including statements regarding the Company's competitive position
and product and service offerings. These statements are based on
current expectations on the date of this press release and involve
a number of risks and uncertainties, which may cause actual results
to differ significantly from such estimates. The risks include, but
are not limited to, the degree of market adoption of the Company's
product and service offerings; market competition; dependence on
strategic partners; and the Company's ability to manage its
business effectively in a rapidly evolving market. Certain of these
and other risks are set forth in more detail in "Item 1A. Risk
Factors" in China ACM's Annual Report on Form 10-K for the fiscal
year ended June 30, 2010. China ACM does not assume any obligation
to update or revise any such forward-looking statements, whether as
the result of new developments or otherwise.
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact Financial Profiles Tricia Ross (916) 939-7285
tross@finprofiles.com Financial Profiles Moira Conlon Tel: (310)
478-2700 mconlon@finprofiles.com
China Advanced Constr Matls Group (MM) (NASDAQ:CADC)
Historical Stock Chart
From Aug 2024 to Sep 2024
China Advanced Constr Matls Group (MM) (NASDAQ:CADC)
Historical Stock Chart
From Sep 2023 to Sep 2024