HONG KONG, April 19, 2013 (GLOBE NEWSWIRE) -- Great China Mania Holdings, Inc. (OTCBB:GMEC) (the "Company" or "GMEC") announces it is repaying a convertible note by cash to avoid the note being converted into new shares of free trading stock.
"We anticipate to repay the other convertible note held by this same holder with cash rather than through conversion into free trading shares," said Kwan Yin Roy Kwang, CEO of GMEC. "We can effectively avoid issuing new free trading shares through cash repayment, hence maximizing shareholders' value."
About Great China Mania Holdings Inc.:
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CONTACT: Great China Mania Holdings, Inc. Tel: +852 2882 7026 Fax: +852 2882 7020 General Enquiries: Email Contact: firstname.lastname@example.org Sales & Marketing: Email Contact: email@example.com Investor Relationship: Email Contact: firstname.lastname@example.orgSource:Great China Mania Holding Inc