Global Cornerstone (OTC BB:GHCSF)

Global Cornerstone Holdings Limited is a blank check company incorporated as a British Virgin Islands business company and formed for the purpose of acquiring, engaging in share exchange, share reconstruction and amalgamation or contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar business combination with one or more businesses or assets.

In April 2011, we consummated our initial public offering of 8,000,000 units (OTCBB: GCRSF), each unit consisting of one ordinary share (OTCBB:GHCSF), no par value per share, and one warrant (OTCBB:GHBSF), each to purchase one ordinary share of Global Cornerstone Holdings Limited. Aggregate proceeds of $80mm from the IPO and its concurrent private placement were placed in trust pending completion of our initial business transaction.

Given the backgrounds of our management team, we are primarily focused on acquiring a business located in Asia, Europe, and the United States, although we may pursue acquisition opportunities in other geographic regions

Last updated May 30, 2011