Longhai Steel (OTC BB:ACTN)

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At least one VIE exists in the corporate structure

Company Description

Xingtai Longhai Wire Co., Ltd. (Longhai) was established in August 2008 as a result of the separation of Longhai from Xingtai Longhai Steel Group Co., Ltd. (the “Longhai Steel Group”) at that time. Prior to its establishment as a stand-alone company, Longhai was a division within the Longhai Steel Group. The Longhai Steel Group was founded in 2003. Longhai is a leading producer of steel wire products in northeastern China. Demand for our steel wire is driven primarily by spending in the construction and infrastructure industries.

Last updated April 7, 2010