Contact Information: CONTACT INFORMATION James Preissler 646-383-4832 preissj@gmail.com
CS China Enters Into Share Purchase Agreement
| Source: CS China
HONG KONG--(Marketwire - January 29, 2010) - CS China Acquisition Corp. ("CS China") (OTCBB : CSAQF ) (OTCBB : CSACF ) (OTCBB : CSAXF ) announced today that it has entered
into an agreement to purchase 620,753 of the ordinary shares sold in its
initial public offering in a privately negotiated transaction for an
aggregate purchase price of $3,699,687.88 from one shareholder of record
who otherwise intended to vote against the previously announced proposed
business combination between CS China and Asia Gaming & Resort Limited
("AGRL") described in its proxy statement dated January 19, 2010. Pursuant
to such agreement, the holder has agreed to give CS China's management
proxies to vote its shares in favor of the acquisition proposal, which will
revoke prior proxies voted against the proposal. Further such agreements
may be entered into prior to the extraordinary general meeting of
shareholders on similar terms. The closing of such purchases will be
effected upon the closing of the business combination and will be paid for
with funds that are presently in CS China's trust account.
Forward Looking Statements
The transaction described herein is subject to a number of risks and
uncertainties, including, but not limited to, the satisfaction of certain
conditions. This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
regarding future events and future performance of CS China. These
statements are based on management's current expectations or beliefs.
Actual results may vary materially from those expressed or implied by the
statements herein. This information is qualified in its entirety by
cautionary statements and risk factor disclosure contained in certain of CS
China's Securities and Exchange Commission filings. For a description of
certain factors that could cause actual results to vary from current
expectations and forward-looking statements contained in this press
release, refer to documents that CS China files from time to time with the
Securities and Exchange Commission, including the Report of Foreign Issuer
on Form 6-K filed by CS China on January 19, 2010, to which the proxy
statement referred to herein is annexed as an exhibit. CS China is under no
obligation to, and expressly disclaims any obligation to, update or alter
its forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise.
Disclaimer
This press release is not a proxy statement or solicitation of a proxy,
consent or authorization with respect to any securities or in respect of
the proposed transaction and shall not constitute an offer to sell or a
solicitation of an offer to buy the securities of CS China or AGRL, nor
shall there be any sale of any such securities in any state or jurisdiction
in which such offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such state or
jurisdiction.