date:Jun 20, 2014
represents an approximately 11.6% premium over the closing price of $2.15 on June 6, 2014. Upon completion of the Offering, the Company had 21,164,000 common shares outstanding, of which Mr. Yu owns approximately 7.56%.
The Company intends to use the proceeds from this Offering and cash on hand to pursue accretive MA opportunities.
Mr. Yu currently resides in Wuhan City, Hubei Province and serves as Chief Financial Officer of Aoxin Holdings Co. Ltd. (Aoxin), a diversified holding company wh