EastBridge Investment Group (OTC-BB: EBIG), a financial services company that provides Asian firms with access to U.S. markets, with AREM Pacific as one of its clients, which is similar to Orion Marine Group, Inc. (NYSE: ORN) and Marine Products Corp. (NYSE: MPX), announced that AREM Pacific Corp. began the audit process needed to become a public company in the United States.
EastBridge Investment Group (EBIG) (OTC-BB: EBIG) today announced that its Australian client, AREM Pacific Corp. (“AREM”), has completed its acquisition of AlloyTec, a yacht builder in Melbourne, Australia and has taken steps toward becoming a public company in the United States. AlloyTec uses aluminum alloy as base material to build recreation boats. AREM plans to help AlloyTec establish a base in China to produce leisure yachts.
AREM has retained a U.S. auditing firm to begin the SEC audit. EastBridge will assist AREM to list its stock on the U.S. market as soon as possible.
Mr. Thomas Tang, President of AREM Pacific Corp, commented, “We are in a good position to establish a commercial bridge between Australia and China. With this new acquisition, we will introduce leisure yachts into China. We expect the leisure yachts to grow like the automobile industry in China.”
EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in electronics, real estate, auto, metal, energy, environmental, bioscience and food retail distribution.
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