Wonder Auto Tech (PINK:WATG)

WATG released some investor friendly related news this moring related to our new checklist on Suggested Steps Companies Should Consider to Establish Credibility : (although the company still may desire to raise capital).

BEIJING, Dec. 20, 2010 /PRNewswire-Asia-FirstCall/ -- On December 20th, 2010, Wonder Auto Technology, Inc. announced that it has launched a project to list (the "Listing") its subsidiary Jinzhou Halla Electrical Equipment Co., Ltd. ("Jinzhou Halla") on China's Shenzhen Stock Exchange ("SZSE"). As part of the Listing, the Company anticipates that Jinzhou Halla will conduct an initial public offering of its new shares on SZSE, and WATG's shareholders will still hold more than 73% of shares of Jinzhou Halla after the IPO. The purpose of the Listing is to maximize the Company's capital value by taking advantage of attractive valuations on the SZSE and to raise additional capital that can be used to grow the business.