Shareholder and Court Approval of Arrangement With KHD Humboldt Wedag International (Deutschland) AG
29 Mars 2010 - 10:47PM
PR Newswire (US)
NEW YORK, March 29 /PRNewswire-FirstCall/ -- KHD Humboldt
Wedag International Ltd. (the "Company") (NYSE: KHD) is
pleased to announce that the shareholders of the Company have
approved the proposed plan of arrangement (the
"Arrangement") with KHD Humboldt Wedag International
(Deutschland) AG ("KID"), whereby the Company will
distribute, as a first tranche, 26% of the shares of KID.
This is the first step in the restructuring of KHD into two
distinct legal entities: (1) a mineral royalty company and (2) an
industrial plant technology, equipment and service company.
The Company will now proceed with the required filings with the
registrar under the Business Corporations Act (British Columbia). At such time, the
Arrangement will become effective and the Company will set out to
implement the steps contemplated under the Arrangement.
About KHD Humboldt Wedag International Ltd.
KHD Humboldt Wedag International Ltd. owns companies that
operate internationally in the industrial plant engineering and
equipment supply industry, and specializes in the cement and
mineral industries. To obtain further information on the Company,
please visit our website at http://www.khdhumboldt.com.
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Contact Information:
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Allen & Caron Inc.
Joseph Allen (investors)
1 (212) 691-8087
joe@allencaron.com
or
Len Hall (media)
1 (949) 474-4300
len@allencaron.com
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Rene Randall
KHD Humboldt Wedag International
Ltd.
1 (604) 683-8286 ex 224
rene.randall@khd.com
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SOURCE KHD Humboldt Wedag International Ltd.
Copyright h 29 PR Newswire
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