Tuesday, March 17, 2009

China Opportunity Acquisition Corp. to merge with BVI-registered parent of Chinese Specialty Steel Company

China Opportunity Acquisition Corp., a blank check company formed in 2006 as a vehicle to effect a merger, capital stock exchange and asset acquisition, announced that its shareholders approved the merger with Golden Green Enterprises Limited, a privately held company registered in the British Virgin Islands. As a result of this merger, China Opportunity's shares of common stock, warrants and units will be converted into like securities of the BVI company on a one-to-one basis.

Closing of the merger is expected to occur on or about March 17, 2009. Shortly after it, ordinary shares, warrants and units of Golden Green will trade on the Over-the-Counter Bulletin Board. Following the completion of the merger, Golden Green will continue operations under its present name.

BVI-domiciled Golden Green, through its operating company, Henan Green Complex Materials Co., Ltd., is a manufacturer of specialty steel products in China. Harry Edelson, CEO and Chairman of the Board of China Opportunity, commented that this transaction will provide Golden Green with a public listing in the US, to help execute its aggressive growth strategy.