Smooth Global Holdings (PINK:SMGH)

On September 30, 2010 Smooth Global (Beijing) Telecom Science Limited (“Beijing Telecom”), a subsidiary of Smooth Global (China) Holdings, Inc. (the “Company”), acquired the registered equity of Beijing Yupeng Hengli Technology Co., Inc. (“BJHL”), a limited liability company organized under the laws of the People’s Republic of China.

In exchange for ownership of BJHL, the Company issued twenty million (20,000,000) shares of its common stock to the prior owners of BJHL. On June 30, 2011 Beijing Telecom transferred the registered equity of BJHL back to the original owners in exchange for that same twenty million shares of common stock. Prior to that date the operations of BJHL represented substantially all of the operations of the Company

Last updated November 23, 2011