EastBridge Investment Group (OTCBB: EBIG), a provider of financial services to emerging public companies looking to go public on U.S. exchanges, with clients similar to companies like China Education Alliance, Inc. (NYSE: CEU) and Chinacast Education Corporation (Nasdaq: CAST), recently took one step closer to unlocking value for its shareholders by obtaining SEC clearance on client Tsingda Education’s registration filings.
EastBridge Investment Group (OTCBB: EBIG) today announced that its client, Tsingda eEDU, has obtained the SEC’s clearance on two of its registration filings which became effective at the close of the business day, Friday, March 4, 2011.
Norm Klein, CFO/COO of EastBridge, commented, “We are happy to announce that the Tsingda dividend shares are also cleared in one of these two registrations, EastBridge therefore intends to dividend, on a pro-rata basis, up to 300,000 ordinary shares of Tsingda stock to shareholders of EastBridge, as soon as Tsingda’s stock starts trading and they are approved by FINRA. All shareholders on record on March 15, 2010, are eligible for this dividend. We will send further instructions before the distribution begins.”
Keith Wong, CEO of EastBridge, added, “With respect to Tsingda, we have one last registration awaiting the SEC’s clearance before the IPO. Once this one clears, Tsingda will be ready to begin the formal IPO process, which will lead directly to trading of its stock. We will send notices to our shareholders as soon as this occurs. We are hoping with guarded optimism that this will happen quickly.”
To learn more about Tsingda, please visit their website: http://ir.eee114.com.cn
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: http://www.facebook.com/pages/Eastbridge-Investment-Group/110596462346210.
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