NEW YORK, March 29 /PRNewswire-FirstCall/ -- KHD Humboldt Wedag International Ltd. (the "Company") is pleased to announce that the shareholders of the Company have approved the proposed plan of arrangement (the "Arrangement") with KHD Humboldt Wedag International (Deutschland) AG ("KID"), whereby the Company will distribute, as a first tranche, 26% of the shares of KID. This is the first step in the restructuring of KHD into two distinct legal entities: (1) a mineral royalty company and (2) an industrial plant technology, equipment and service company.
The Company will now proceed with the required filings with the registrar under the Business Corporations Act (British Columbia). At such time, the Arrangement will become effective and the Company will set out to implement the steps contemplated under the Arrangement.
About KHD Humboldt Wedag International Ltd.
KHD Humboldt Wedag International Ltd. owns companies that operate internationally in the industrial plant engineering and equipment supply industry, and specializes in the cement and mineral industries. To obtain further information on the Company, please visit our website at http://www.khdhumboldt.com/.
Contact Information: Allen & Caron Inc. Rene Randall Joseph Allen (investors) KHD Humboldt Wedag International Ltd. 1 (212) 691-8087 1 (604) 683-8286 ex 224 joe@allencaron.com rene.randall@khd.com or Len Hall (media) 1 (949) 474-4300 len@allencaron.com
KHD Humboldt Wedag International Ltd.
CONTACT: Investors, Joseph Allen, +1-212-691-8087, joe@allencaron.com,
or Media, Len Hall, +1-949-474-4300, len@allencaron.com, both of Allen & Caron
Inc., for KHD Humboldt Wedag International Ltd.; or Rene Randall of KHD
Humboldt Wedag International Ltd., +1-604-683-8286, ext. 224,
rene.randall@khd.com
Web Site: http://www.khdhumboldt.com/
