Chief Capital Group | Hong Kong | Public Listings and Financing Advisory for Chinese Companies

PORTFOLIO DETAIL

Wuhan Blower

Name:

Wuhan Blower

Code:

NASDAQ:WUHN

Financing Amount:

24,000,000

Financing Method:

Private Placement

Area:

Wuhan

Closing date:

Feb 2007

Company Profile:

Producer of industrial blowers and noise dampening facilities for power plants.
Long-term, exclusive contract with Mitsubishi for all their industrial blower contracts.
Feb 2007, listed on OTCBB in RTO and raised $24 million in private placement.
Jul 2008, listed on NASDAQ.
Sept-Nov 2008, raised $14 million.
Nov 2009, raised $44.40 million.

Chief's Role：

Jan 2006, Chief offered the financing and listing proposal to Wuhan Blower after due diligence.

May 2006, Chief signed a financial consultant agreement with Wuhan Blower, acting as the financial advisor.

May 2006, Chief initiated financial and legal restructuring and the prospectus.

May 2006, Chief introduced the American investment banker and American lawyer to Wuhan Blower.

May 2006, Chief introduced the placement agent to Wuhan Blower.

June 2006, Chief assisted company to start on-site auditing.

Oct 2006, Chief assisted the company to complete legal restructuring, the prospectus preparation as well as the audit report.

Oct 2006, Wuhan Blower completed the US “Road Show” .

Feb 2007, Wuhan Blower completed the RTO and the financing.

Jul 2008, Wuhan Blower was listed on NASDAQ..