Notice Relating to Acquisition of Stellar Mega Media Group
06 Avril 2006 - 10:42AM
PR Newswire (US)
LOS ANGELES, April 6 /PRNewswire-FirstCall/ -- This Notice is
published on April 6, 2006 reference to the "Conditional Stock
Purchase Agreement" dated February 25, 2006 between Mr. Qin Hui of
Strategic Media International Limited (SMI) as "Seller" and Starwin
Media Holdings Inc. (OTC:SWMD) The "Buyer" in a transaction which
Starwin Media Holdings Inc. acquired 70% of Strategic Media
International Limited, the single majority shareholder with
controlling interest of SMI International (HK. 0198), Stellar
Publishing (HK. 8010) and M Channel (HK. 8036), and to further
acquire 26.61% shares of Stellar Mega Union (SZ. 000892), 88%
shares of Stellar Mega Media Group, 60% shares of Stellar Digital,
60% shares of Feiteng Production and 70% shares of Instec Tec.,
etc. Under the terms and conditions in Section 1.4 of the
Agreement, Mr. Qin Hui has agreed to surrender the management
rights to Starwin Media Holdings Inc., and the present directors of
Stellar Mega Union and its subsidiaries including the group of
companies shall resign and surrender office to Starwin Media
Holdings Inc. with board controlling interests. Upon effective
takeover of the management, and after admission of majority
nominated board members by Starwin Media Holdings Inc, Starwin
shall negotiate with creditor banks (Creditors) on its outstanding
loans owing the creditor banks for an agreeable and acceptable
settlement agreement between Starwin Media Holdings Inc and the
creditor banks. Creditor Banks or Creditors related to the above
companies, please immediately notify Starwin Media Holdings Inc. by
telephone, fax or email. Starwin Media Holdings Inc. 1000 Wilshire
Blvd, Suite 401 Los Angeles, CA 90017 Tel: 1-213-627-1280 Fax:
1-213-785-1113 Email: DATASOURCE: Starwin Media Holdings Inc.
CONTACT: Starwin Media Holdings Inc., +1-213-627-1280, Fax -
+1-213-785-1113,
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