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 stock split on the 1-for-18.29069125 shares basis. Their stock symbol around the NASDAQ Over-the-Counter Electronic bulletin board may also be changed from “SOON” to “FEPU.”
Beneath the Company’s restated certificate of incorporation filed with the Oklahoma Secretary of State, 18.29069125 shares with the Company’s common shares issued and outstanding were combined and became one share of common shares. Any resulting fractional share was put together to the next higher whole number. Overturn stock split affects all issued and outstanding shares with the Company’s ordinary shares immediately before effective date from the split down. On January 30, 2012, the split-adjusted shares with the Company’s common stock will trade within the symbol “SOOND” for 20 trading days to signify that the reverse split has occurred. Thereafter, the “D” will likely be removed as well as the new symbol will be “FEPU”. In addition, due to overturn split, relating for the terms of the Series A Preferred shares, each share of Series A Preference shares issued and outstanding automatically become 1,000 shares of common shares (over a post reverse stock basis), inducing the automatic conversion of 19,200 shares of Series A Preference shares of the Company into approximately 19,200,000 shares of common stock in the Company.
Mr. Ang Kang Han, President in the Company stated, “The world thinks our new name Flying Eagle PU Corporation better reflects our logo and business operations. In addition, the symbol change might help our shareholders and potential shareholders identify our stock with the Company.”
Concerning the Company
This company, found in Fujian province, is really a leading producer of synthetic polyurethane leather (“PU leather“) for the shoe industry in China. The business’s primary customers are to design, manufacture and distribute PU leather. The organization 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 the superior hydrolysis resistance, peel and tear strength, durability and air and moisture permeability. Good performance PU leather is principally utilized to make high-grade footwear. The Company is found in ShiShi City, Fujian, approximately Quanzhou – China’s largest production base for sports footwear, sneakers and casual shoes. With this one region alone, san francisco spa than 3,000 shoe manufacturers producing over 1 billion shoes annually positioned in close proximity.
Safe Harbor Statement
This news release could have certain “forward-looking statements” relating to the business enterprise with the Company, its subsidiary companies and its VIE. All statements, in addition to statements of historical fact included herein are “forward-looking statements” including statements in connection with ability from the Company to grow, in spite of the current global economic environment; the business’s ability to upgrade to some national exchange; the final ability with the Company to achieve its commercial objectives; this company strategy, plans and objectives of the Company as well as subsidiaries; and another statements of non-historical information. These forward-looking statements are sometimes identified by way of forward-looking terminology for example “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Even though Company believes that this expectations reflected in these forward-looking statements are reasonable, they certainly involve assumptions, risks and uncertainties, and these expectations may make incorrect. Investors shouldn’t place undue reliance on these forward-looking statements, which speak only as of the date on this news release. You can actually actual results could differ materially from those anticipated of these forward-looking statements on account of many different factors, including those discussed inside Company’s periodic reports that are filed while using the Securities and Exchange Commission and available on its website .All forward-looking statements due to this company or persons functioning on its behalf are expressly qualified of their entirety by these factors. Differently as needed beneath the securities laws, the organization won’t assume a duty to update these forward-looking statements.