Ch Lighting Intl (GREY:CHHN)

WEB NEWS

All | Comments & Business Outlook | Reverse Merger Activity

Wednesday, September 16, 2009

Comments & Business Outlook

Mr. Zhao Guosong, Chairman of the Board, President and CEO of the Company, stated, "The depth and duration of the recession has been felt most severely in our international operations, and we are doing our best to deal with the problems created. Our position in the domestic market permitted a substantial direct subsidy by the government and we were able enabled us to achieve a profit in the period despite the difficult conditions."

He added, "Going forward, we believe we are in a good position to benefit from an upturn in the market if we can maintain our technology leadership, especially in areas such as energy saving lighting which we think will remain a focus of government attention and green oriented business and individual consumers for many years to come."

Source: Marketwire (August 17, 2009)

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Monday, June 22, 2009

Comments & Business Outlook

There are no significant updates to the Company's guidance at this time.

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Wednesday, December 31, 2008

Comments & Business Outlook
Describing the Company's outlook for fiscal 2009, Mr. Zhang Guising, Chairman of the Board, President and Chief Executive Officer, stated, "In light of the strong impact of the global economic downturn, we have a pessimistic and optimistic view of the year ahead. In the worst case, while we have included the international export market recession in our plans, the speed, range and depth of the recession is beyond the Company's strategy. In our optimistic case, with the Chinese domestic market not impacted by the global economic downturn -- and with the Chinese government continuing to adhere to the reduction of energy savings policy, then the Company's performance compared with 2008 will grow 15%."
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Thursday, July 17, 2008

Reverse Merger Activity
On July 16, 2008 Sino-Biotics, Inc.,  entered into a Share Exchange Agreement with CH International Holdings Limited. Sino acquired all of the issued and outstanding securities of CH International from the Stockholder in exchange for Ninety-Three Million (93,000,000) newly-issued shares of Sino’s common stock. representing (77.5%) of Sino’s issued and outstanding Common Stock . As a result of the Exchange, CH International became a wholly-owned subsidiary of Sino.
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