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American Smooth acquires Ailibao brand
25
Jan '11
American Smoothwave Ventures Inc announced the acquisition of Ailibao International Investment Limited, a British Virgin Islands company. Through its PRC subsidiaries and controlled companies, Ailibao International Investment Limited designs and produces “Ailibao” branded sport shoes and apparel, which are currently sold in 20 provinces in China.

To complete the acquisition, American Smoothwave issued a total of 317,409,000 shares of common stock to the former shareholders of Ailibao International Investment Limited, as well as 6,826,000 shares of common stock to an introducing party, together totaling 95% of the issued and outstanding shares of the Company on a fully diluted basis immediately after the closing.

Whitehall Montague & Company was established in 1980 as a financial services company. The company's early focus was on arranging debt and equity transactions between US businesses and foreign banks. In the early 90's, Whitehall expanded its services to include cross border securities transactions, including reverse mergers.

Whitehall Montague & Company

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