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Tianbao Holdings Limited Announces Re-Domicile to Bermuda
Hamilton, Bermuda: November 21, 2012 – Tianbao Holdings Limited (the “Company”) (Ticker: TBHL.BH) today announces that on October 11, 2012, it had re-domiciled to the nation of Bermuda.
The re-domiciling was accomplished by incorporating a new corporation, Tianbao Holdings Limited (a Bermuda corporation), registered in the country of Bermuda, which then in turn acquired all issued and outstanding shares of Tianbao Holdings Limited, a New Brunswick (Canada) corporation, making the Canadian corporation a wholly-owned subsidiary of the Bermuda corporation.
The re-domiciling was approved at a meeting of the Board of Directors on September 5, 2012. The new Bermuda corporation was incorporated and registered in the nation of Bermuda on October 11, 2012, with the acquisition of the Canadian corporation occurring on October 19.
About Tianbao Holdings Limited
Tianbao Holdings Limited is an economically-affordable housing manufacturer in the People’s Republic of China. The Company works closely with the Chinese government in acquiring the land for new housing developments and constructing the homes per the specifications of the housing plans of both the national Chinese government as well as the provincial governments, in particular Henan Province, wherein all of the Company’s projects to date have been located.