Shine Media Acquisition Corp (SHND) research, news, and more from GeoInvesting

Company description

Mon, 28 Jul 2008 04:00:00 GMT

Shine Media Acquisition Corp. is a blank check company incorporated in June 2005 to acquire an operating business in the media and advertising industries in the People’s Republic of China. Although Greenscape’s business is not within this scope, Shine’s board and management will seek shareholders approval to remove this restriction in the normal course of closing this transaction.

Related symbols: SHND.W SHND.U

The company is in the process of acquiring China Greenscape Co., Ltd:

The Company is one of the largest green resources companies in China (and the largest in the Eastern China region including Shanghai area) supplying trees and plants to China’s cities and developing communities.

Greenscape is one of the few companies in China that is large enough to meet the central government mandated green needs of entire cities, urban and industrial development zones. In just 6 years of operations, the Company has accumulated an inventory of over 8 million trees and plants, a growing area of over 3,100 acres, and the unique ability to develop and acquire millions of additional trees and plants each year. The Company’s after-tax earnings have grown from just US$5.7 million in 2004 to over US$17.8 million in 2007. As of December 31, 2007 the Company has over US$250 million in backlog contracts covering the next 4 years.

Source: Business Wire (May 9, 2008)

SPAC Activity

Tue, 24 Feb 2009 05:00:00 GMT

The Company did not receive the requisite stockholder vote to approve the Business Combination and the Redomestication Merger, and will not satisfy the closing conditions for the acquisition of China Greenscape, and was unable to consummate a business combination by December 27, 2008.

Source: SEC Form 8K (December 26, 2008)

Shine Media Acquisition Corp. (“Shine”) has established March 10, 2009, as the surrender date for those holders of Shine’s common stock, par value $0.0001 per share, who are entitled to receive the liquidating distribution from Shine’s trust account. Subsequent distributions of cash assets, if any, will be made to the surrendering holders of record on March 10, 2009.

Shine is also taking action to terminate the trading of the common stock, warrants and units on the OTC:BB which will take effect on March 10, 2009, and it is taking action to terminate the reporting obligations of the company under the federal securities laws.

Source: SEC Form 8K (February 23, 2009)

SPAC Activity

Mon, 28 Jul 2008 04:00:00 GMT

The company is in the process of acquiring China Greenscape Co., Ltd., one of the largest green resources companies in China.

Source: Business Wire (May 9, 2008)