EastBridge Investment Group (OTCQB: EBIG), a financial services provider to emerging Asian companies seeking to list on U.S. exchanges, with clients similar to companies like Honda Motor Co., Ltd. (NYSE: HMC) and A123 Systems, Inc. (Nasdaq: AONE), announced a stock dividend of its Alpha Lujo stock to all shareholders on record as of March 31, 2011.
EastBridge Investment Group (OTCQB: EBIG) today announced that it has scheduled to distribute 1,000,000 shares of its US stock ownership in Alpha Lujo, Inc. (“ALEV”) to its shareholders for no consideration. All shareholders of EBIG stock on the closing date of March 31, 2011, will receive on a pro rata basis, their allocated shares of Alpha Lujo stock after this dividend registration is filed and approved by the SEC. The size of this dividend represents about 5% of Alpha Lujo, Inc.’s capital stock equity as of today.
Mr. William Tien, CEO of Alpha Lujo, commented, “We see a lot of opportunities in the electrical vehicles business in China, Australia and the USA. We are accelerating our pace to capture the opportunities in the electrical vehicles and advanced batteries businesses. We are in the process of completing the merger of the electrical vehicle entities and Alpha Lujo.”
Mr. Norm Klein, COO/CFO of EastBridge, commented, “We are happy to increase our shareholders’ value by this planned dividend distribution of Alpha Lujo stock. The stock currently trades around $0.30-$0.50 a share. We will send the appropriate notices and announcements to our shareholders when these dividend shares are approved by the SEC and FINRA and are ready for trading.”
EastBridge Investment Group focuses on high-growth companies in Asia, offering IPOs, Joint Ventures and Merchant Banking services. The Company targets industries in the education, internet, energy, mining and service sectors. To learn more about EastBridge Investment Group go to our web site: www.EbigCorp.com. To receive EBIG’s email alert, send a blank email to info@EbigCorp.com. EBIG is now on Facebook. Join us at the following link:
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