The American Stock Exchange listed the units of China Holdings Acquisition Corp. under the ticker symbol HOL.U. The company issued 12,000,000 units (excluding over-allotment) at $10.00 unit for gross proceeds of $120,000 000.
Each unit consists on one share of common stock and one warrant. Initially, the units will be the only security trading. Citigroup Global Markets Inc. is the lead underwriter for this initial public offering with Lazard Capital Markets and Chardan Capital Markets, LLC as co-managers.
China Holding Acquisitions Corp. is a newly formed company organized for the purpose of acquiring or acquiring control of one or more operating businesses with primary operations in Asia through a merger, stock exchange, asset acquisition, reorganization or similar business combination, or contractual arrangements.
“We are pleased to welcome China Holdings Acquisition Corp. to the American Stock Exchange,” said Neal Wolkoff, Chairman and CEO of the Amex. “We look forward to working with China Holdings in building increased awareness and visibility with U.S. investors.”
Paul Kelly, Chairman and CEO of China Holdings Acquisition Corp., stated, “China Holdings is very pleased to be a listed company, and we look forward to working closely with the American Stock Exchange in bringing the Company’s message to the investing public.” -- www.amex.com
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