DONGGUAN, Guangdong, China, April 21, 2010 (GLOBE NEWSWIRE) -- China Vesting reconstituted its family of U.S. listed Chinese public company indexes on April 21 by adding China America Holdings (OTCBB:CAAH) to the China Dragon Undervalued Index. China America Holdings is a holding company which owns a 56% stake in Shanghai Aohong Chemical Co., Ltd. Shanghai Aohong Chemical Co., Ltd. is a distributor of assorted liquid coolants which are utilized in a variety of applications, primarily as refrigerants in air conditioning systems for automobiles, residential and commercial air conditioning systems, and a manufacturer of steel non-refillable cylinders.
Additionally, China Vesting announces the removal of Fuqi International Inc. (Nasdaq:FUQI) from the China Tiger Small and Mid Cap Index. FUQI and its top executive officers are currently involved in class actions lawsuits which allege violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The lawsuits come after the company previously announced that it had identified historical accounting errors in inventory and cost of sales.
China Vesting determines membership for its indexes primarily by objective, market-capitalization rankings and style attributes.
Total returns data for the China 100 Index and other China Vesting Indexes are available at http://www.chinavesting.com
About China Vesting:
China Vesting researches 500 of the top U.S. Listed Chinese Public Companies and tracks the best 100 with state-of-the-art performance benchmarks. China Vesting is based in Dongguan China, an industrial city located in the Pearl River Delta. Dongguan borders the provincial capital of Guangzhou to the north, Huizhou to the northeast, Shenzhen to the south, and the Pearl River to the west. Our network consists of Chinese officials, investment bankers, venture capitalists, scholars, academics and most importantly entrepreneurs that track China Stocks.