China Nutrifruit Group (NYSE AMEX:CNGL)

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Monday, August 18, 2008

On August 15, 2008 FHTI announced the closing of a stock exchange transaction with Fezdale Investments Limited and a related private financing transaction. Fezdale will operate through its consolidated indirect Chinese subsidiary to execute the business plan of those subsidiaries. Fezdale’s subsidiary Daqing Longheda is an industry leading processor of specialty fruit products with its operations being located in the Peoples Republic of China.

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