StockGuru News: EastBridge Investment Group (EBIG) Taking Its First Subsidiary Public
PHOENIX, AZ–(MARKET WIRE)–Dec 19, 2007 — EastBridge Investment Group Corporation (www.EbigCorp.com) today announced it has begun legal and auditing work necessary to take Fiber One Ltd., its wholly owned subsidiary in Hong Kong, China, public in the United States. Fiber One Ltd. is currently negotiating merger opportunities and hopes to complete a merger before going public in the United Sates. The process is estimated to take from six to twelve months. Many current EastBridge shareholders already own Fiber One shares and shareholders of record on June 11, 2007 will receive a total of 5 million shares, on a pro-rata basis…