Acquisition

 

TIDMCWO 
 
RNS Number : 9213A 
China Wonder Limited 
16 October 2009 
 

China Wonder Limited 
 
 
(the "Company" or "China Wonder") 
 
 
Acquisition of shares in Jinzhou Wonder Packing Co., Ltd 
China Wonder, a leading manufacturer of non-standard machinery and equipments in 
China, is pleased to announce that one of its wholly-owned subsidiaries, Jinzhou 
Wonder Packing Machinery Co., Ltd, has acquired a 50% equity stake in Jinzhou 
Wonder Packing Carton Co., Ltd ("JWPC") for a cash consideration of 
RMB1,900,000 (approximately GBP170,748). 
JWPC is engaged in designing, manufacturing and marketing cartons of high, 
middle and low-grade, color cartons and boxes, adhesive label, wooden pallets, 
wooden boxes and fumigation free pallets. JWPC is the largest manufacturer and 
supplier in the paper products and packing carton industry in the Jinzhou region 
of China. 
The unaudited financial statements for the twelve months to 31 December 2008 
showed JWPC recording a profit before tax of RMB63 (approximately GBP6). The 
unaudited net assets as at 31 December 2008 for JWPC were RMB2,586,023 
(approximately GBP232,399). 
Mr. Qingdong Zeng, CEO of China Wonder commented: "The investment in JWPC will 
greatly increase its production capacity and improve its manufacturing 
technology. The board of China Wonder anticipate that the investment will result 
in JWPC making a significant contribution to China Wonder's sales income in the 
future." 
The sterling figures are based on an exchange rate of GBP1=RMB11.1275 
 
 
For further information, please contact: 
 
 
+--------------------------+--------------------------+--------------------------+ 
| Mark Chapman             | China Wonder Limited     | Tel:       [phone] | 
|                          |                          | Mob:     [phone]   | 
|                          |                          |                          | 
+--------------------------+--------------------------+--------------------------+ 
| Dan Bate                 | WH Ireland Limited       | Tel:        [phone]     | 
|                          |                          | 2174                     | 
|                          |                          |                          | 
+--------------------------+--------------------------+--------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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