DALIAN, Oct. 30 /PRNewswire-Asia-FirstCall/ -- China YiBai United
Guarantee International Holding Inc. (Pink Sheets: CBGH)(hereafter referred to
as "China YiBai"), has recently signed a listing agreement with the Greateast
Packaging Holdings Ltd. (hereafter referred to as "Greateast Packaging")
located in Zhejiang Province. The agreement made between China YiBai,
functioning as the sponsor, and Greateast Packaging in relation to list the
latter on the Tianjin Equity Exchange would promote the brand name of
Greateast Packaging. China YiBai and Greateast Packaging both believe that
the agreement would bring mutual benefits to each party involved.
About Greateast Packaging Holdings Ltd
Greateast Packaging Holdings Ltd. (hereafter referred to as "Greateast
Packaging") was established in 1996, with a registered capital of 75 million
RMB. Its main business is the production and sales of soft drink plastic
bottles and other plastic packaging fabrications and materials. It is engaged
in providing filling beverage bottles and packages for Coca Cola China and
Pepsi China. In the past two years, Greateast Packaging has been shifting its
product line to PET packaging for beer, cosmetics, edibles and medicines as
well as other daily necessaries.
About China YiBai United Guarantee International Holding Inc.
China YiBai United Guarantee International Holding Inc. (hereafter
referred to as "China YiBai") is a financial company specializing in providing
financial services for Chinese small business. IG Finance Inc., together with
China Dragon International Investment (HK) Co., Ltd. is the overseas
subsidiary of China YiBai. Dalian YiBai Small & Medium Enterprises Guarantee
Co., Ltd. (hereafter referred to as "Dalian YiBai"), is the Chinese subsidiary
and main body of operation. Dalian Yibai is engaged in providing value added
services for Chinese small business including equity mortgage guarantee and
loan services, Finance Consultant, design of listing and merger plans as well
as core competitiveness. Combing professional services of that of consultancy
firms, accounting firms, law firms and securities traders, Dalian YiBai works
with investment institutions in providing thoughtful and considerate services
to enterprises to fulfil their share capital increasing and second financing
needs. Recently, Dalian YiBai acquired the qualification as sponsor and
market-maker from Tianjin Equity Exchange and is now specialized in financial
services for non-listing enterprises. For additional information, please
visit http://www.yibaichina.com .
SOURCE China YiBai United Guarantee International Holding Inc.