MANALAPAN, N.J., April 21, 2010 (GLOBE NEWSWIRE) -- Anslow & Jaclin, LLP (the "Firm" or "AJ"), a leading securities, business and transactional law firm, announced today that it represented Brean Murray Carret & Co. ("Brean Murray") as the placement agent in a reverse acquisition for Qingdao Oumei Real Estate Development Co., Ltd, a real estate development company based in Qingdao, China ("Qingdao").
In the transaction, the shareholders of Leewell Investment Group Limited gained a controlling interest in Dragon Acquisition Corp., a Form 10 shell company organized under the laws of Cayman Islands. Qingdao had revenues of approximately $94.0 million in 2009. Brean Murray raised $11,098,800 in the private placement consisting of convertible preferred shares and warrants.
"We are pleased to represent Brean Murray as the placement agent in this important transaction," commented Managing Partner, Richard I. Anslow, Esq. "Our team's in-depth experience has grown over the years to providing counsel not just to foreign and domestic companies merging with U.S. listed companies but also to advising placement agents and investors."
The A&J team that represented Brean Murray was led by partners Richard I. Anslow and Joseph M. Lucosky and assisted by associates Joy Hui and Kevin Liu.
About Anslow & Jaclin, LLP
Since 1993, Anslow & Jaclin has provided first-class legal and business expertise and unparalleled results for its domestic and international clients, ranging from individuals, entrepreneurial start up enterprises, closely held businesses, publicly held companies, and private investment funds in North America, Europe and Asia, including Canada and China. Dedicated to serving its clients' needs and achieving their goals, Anslow & Jaclin has the experience, knowledge, responsiveness and resources to ensure successful, practical and cost-effective solutions for all of its clients' business endeavors.
Additional information about this transaction can be found at the Company's website www.anslowlaw.com