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 Tracking 1050 U.S. listed China Stocks and Counting...
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 China Grand Resorts (OTC BB:CGND)

Friday, March 25, 2011
Auditor trail

On March 22, 2011, the Board appointed Parker Randall CF (H.K.) CPA Limited (“Parker Randall”) as the Company’s new independent registered public accounting firm. The decision to engage Parker Randall was approved by the Company’s Board of Directors on March 22, 2011.


Friday, January 14, 2011
Liquidity Requirements
We continue to experience significant losses from operations. As discussed below, we anticipate that we will generate sales from the Project commencing in the first quarter of calendar year 2011. However, we nonetheless have an immediate need for capital to conduct our new business endeavors as well as our ongoing working capital needs. We anticipate raising capital through additional private placements of our equity securities, and, if available on satisfactory terms, debt financing.

Wednesday, December 15, 2010
CFO Trail
On December 14, 2010, the Board of Directors appointed Mr. Menghua Liu (Age 42), our Chairman and Chief Executive Officer, to serve as the acting Chief Financial Officer of the Company.

Tuesday, September 28, 2010
CFO Trail
On September 28, 2010, the Company accepted the voluntary resignation of Mr. Xiaojun He as Chief Financial Officer of the Company. Mr. He was appointed in such capacity on February 5, 2010. Mr. He did not resign over disagreements with the Company on any matter relating to the Company’s operations, polices or practices. As of the date of this report, the Company has not identified a new Chief Financial Officer.

Wednesday, November 18, 2009
Research

Recent Corporate Actions:

1. Name change from Asia Premium Television Group, Inc. to China Grand Resorts

  • Purpose  On August 1, 2009, the Company entered into a subscription and asset sale agreement with Beijing Hua Hui Hengye Investment Ltd. pursuant to which it received the commercial income rights to development project located in Changde, Hunan Province, PRC. As a result of this transaction, the Company intends to be involved in the sale of resort projects in PRC. The purpose of the name change is to better reflect the new corporate direction of the Company.

2. One for Twenty Reverse Stock Split

  • Purpose-  The Board of Directors believes that our Common Stock is undervalued and that the Reverse Split will allow the Company’s Common Stock to trade in a more realistic price range.

Source: SEC Filing DEF-14c (October 16, 2009)