HONG KONG, May 25 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag International Ltd. ("KHD") announces that Sasamat Capital Corporation ("Sasamat") (Pink Sheets: SSALF), held its Annual and Special Meeting today and received approval for the arrangement (the "Arrangement") with KHD. The Arrangement provides for the acquisition by KHD of all of the outstanding common shares of Sasamat, not already owned by KHD, pursuant to a plan of arrangement. Upon consummation of the Arrangement, Sasamat will become a wholly-owned subsidiary of KHD.
KHD and Sasamat expect to apply to the Supreme Court of British Columbia on May 29, 2007 for a final order to approve the Arrangement.
About KHD Humboldt Wedag International Ltd.
KHD Humboldt Wedag International Ltd. (the "Company") owns companies that operate internationally in the industrial plant engineering and equipment supply industry, and specializes in the cement, coal and mineral industries. To obtain further information on the Company, please visit our website at http://www.khdhumboldt.com/
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Information: Joseph Allen (investors)
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