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Fushi Copperweld, Inc.
, today issued the following update
with respect to the Agreement and Plan of Merger, dated as of June 28, 2012,
among the Company, Green Dynasty Limited ("Green Dynasty"), Green Dynasty
Acquisition, Inc. ("Merger Sub"), and Green Dynasty Holdings Limited, pursuant
to which Merger Sub will merge with and into the Company and the Company will
continue as the surviving corporation and will be a wholly-owned subsidiary of
Green Dynasty (the "Merger"):
"We expect to complete the Merger today, December 26, 2012. We are requesting
that shares of the Company common stock cease trading on NASDAQ immediately
prior to the opening of the market on December 27, 2012. We anticipate that
the paying agent for the Merger will commence payment of the Merger
consideration to stockholders beginning on December 27, 2012. Stockholders of
record who hold shares in certificated form will receive a letter of
transmittal to allow them to deliver their share certificates to the paying
agent in exchange for the Merger consideration. Stockholders who hold shares
through a bank or broker will not have to take any action to receive cash for
their shares, as such payments will be handled by the bank or broker."
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