Chindex Press Room
INDUSTRIAL EXCHANGE, INC.
BETHESDA, MARYLAND - November 5, 1996 - U.S.-China Industrial Exchange, Inc. (NNM;CHDX) today announced that the registration statement relating to its $10,000,000 underwritten public offering of 10,000 units (the "New Units"), priced at $1,000 per New Unit, was declared effective today by the Securities and Exchange Commission. Each New Unit, was declared effective today by the Securities and Exchange Commission. Each New Unit consists of 255 of the units, which currently are listed on NASDAQ under the symbol CHDXU, issued in the Companys initial public offering in August 1994. Each unit issued in the initial public offering consists of one share of common stock, one redeemable Class A Warrant and one redeemable Class B Warrant, al of which securities also are listed on NASDAQ. The offering also includes an option granted by the Company with respect to up to an additional 1,500 New Unit to cover over-allotments, if any.
U.S.-China Industrial Exchange, Inc. is an established independent marketing and sales organization in the Peoples Republic of China for certain Western products, including medical and industrial equipment. The Company maintains its executive offices in Bethesda, Maryland and offices in Beijing, Guanzhou, Shanghai, Tianjin and Hong Kong.