China Fiberglass Dissolve Share Exchange and Merging on Jushi     

China Fiberglass Company Limited (China Fiberglass, SH: 600176) announced on December 30th, 2008 to dissolve the share exchange and merging on Jushi Group Co., Ltd. (Jushi) as the scheme was failed by its board of directors.
   Jushi's current equity split is 51: 11.5: 37.5 between China Fiberglass, China Building Material Co., Ltd. (HK: 3323) and other consortiums. And China Building Material holds a 36.15% stake in China Fiberglass. Under the former agreement signed December 7th, 2007 China Building Material and other consortiums intended to spin off all equity held in Jushi to acquire China's Fiberglass' domestic RMB shares. (CCR2007 No. 36)