FUJIAN, China, Jan. 30, 2012 /PRNewswire via COMTEX/ — Sooner Holdings, Inc. (the “Company”), announced who’s has changed its name to Flying Eagle PU Technical Corporation and completed a reverse split over a 1-for-18.29069125 shares basis. Send out stock symbol around the NASDAQ Over-the-Counter Bulletin Board also are changed from “SOON” to “FEPU.”
Beneath the Company’s restated certificate of incorporation filed while using the Oklahoma Secretary of State, 18.29069125 shares in the Company’s common shares issued and outstanding were combined and turned into one share of common stock. Any resulting fractional share was rounded up to another higher whole number. Overturn stock split affects all issued and outstanding shares on the Company’s ordinary shares immediately before the effective date of the reverse split. On January 30, 2012, the split-adjusted shares from the Company’s common shares will trade underneath the symbol “SOOND” for 20 trading days to signify that this reverse split has occurred. Thereafter, the “D” will probably be removed along with the new symbol will be “FEPU”. In addition, because of turned around split, in respect towards the Series A Preference shares, each share of Series A Preferred Stock issued and outstanding automatically become 1,000 shares of common stock (on the post reverse stock basis), creating the automatic conversion of 19,200 shares of Series A Preference shares with the Company into approximately 19,200,000 shares of ordinary shares from the Company.
Mr. Ang Kang Han, President on the Company stated, “We feel our new name Flying Eagle PU Corporation better reflects our brand and business operations. Also, the symbol change can help our shareholders and potential shareholders identify our stock with our Company.”
In regards to the Company
The business, positioned in Fujian province, is usually a leading producer of synthetic polyurethane leather (“PU leather“) for your shoe industry in China. The Company’s primary customers are to create, manufacture and distribute PU leather. This company also manufactures flip-flops and slippers easily obtainable in China and abroad. For the good performance series, the Company uses high-density nonwoven fabric as base cloth due to its superior hydrolysis resistance, peel and tear strength, durability and air and moisture permeability. Top rated PU leather is primarily accustomed to make high-grade running sneakers. This company is located in ShiShi City, Fujian, near Quanzhou – China’s largest production base for running shoes, sneakers and casual shoes. In this one region alone, there are more than 3,000 shoe manufacturers producing over 1 billion shoes annually in close proximity.
Safe Harbor Statement
This handout could have certain “forward-looking statements” relating to the company from the Company, its subsidiary companies and its VIE. All statements, aside from statements of historical fact included herein are “forward-looking statements” including statements concerning the ability with the Company to develop, rapidly current global economic environment; the Company’s capability to upgrade to your national exchange; the general ability of the Company to attain its commercial objectives; the organization strategy, plans and objectives with the Company and subsidiaries; and every other statements of non-historical information. These forward-looking statements in many cases are identified using forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that this expectations reflected in these forward-looking statements are reasonable, they are doing involve assumptions, risks and uncertainties, that expectations may be incorrect. Investors must not place undue reliance on these forward-looking statements, which speak only as of the date with this news release. Send out actual results could differ materially from those anticipated during these forward-looking statements caused by a number of factors, including those discussed from the Company’s periodic reports which have been filed while using Securities and Exchange Commission and available on its website .All forward-looking statements because of the corporation or persons functioning on its behalf are expressly qualified within their entirety by these factors. Other than PRN beneath the securities laws, the organization doesn’t assume a duty to update these forward-looking statements.
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