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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