"The company signed a Non-Binding Letter of Intent on May 22, 2008 to acquire 100 percent of Shanghai Armco & Metawise (HK) Limited ("Armco"), a privately held company based in Hong Kong, China. Armco imports, exports and distributes metal ores, and non-ferrous metal and is planning to expand its operations into the steel scrap metal recycling business.Source: Marketwire (May 28, 2008)The GeoTeam has verified that the reverse merger has been consummated.
Cox Distributing, Inc. (formerly trading under the symbol "COXD" on the OTC Bulletin Board) acquired 100 percent of Armco & Metawise (HK) Ltd, a privately held company based in Hong Kong and China, in June of 2008 through a share purchase agreement. Armco intends to expand its import and export activity within China as well as construct a steel recycling facility initially capable of recycling 1 million metric tons of scrap metal annually. Source: Marketwire (July 16, 2008)
MetalsRecycling
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