Providing investors with the
tools to make informed decisions.
Providing investors with the
tools to make informed decisions.
 Tracking 1053 U.S. listed China Stocks and Counting...
 Tracking 1535 U.S. Stocks and Counting...

 Nutrastar Intl (OTC BB:NUIN)

Thursday, March 25, 2010

The majority stockholder of the Company, New Zealand WAYNE’s Investment Holdings Co., Ltd. agreed to place a total of 1,000,000 shares of the Company’s common stock held by it into escrow to secure the make good obligations:

  •  In the event that the Company’s consolidated financial statements reflect less than $9,000,000 of after-tax income for the fiscal year ending December 31, 2010, it will transfer to the Investors, on a pro rata basis, for no additional consideration, 500,000 shares of the Company common stock owned by it
  • In the event that the Company’s consolidated financial statements reflect less than $11,000,000 of after-tax net income for the fiscal year ending December 31, 2011, it will transfer to the Investors, on a pro rata basis, for no additional consideration, 500,000 shares of the Company’s common stock owned by it.