/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES
TORONTO, Aug. 30 /CNW/ - KCC Capital Corporation, a capital pool company
listed on the NEX Board, has released its unaudited interim financial
statements ("Interim Financials") and management discussion and analysis
("MD&A") for the quarter ended June 30, 2010.
The full text versions of the Interim Financials and MD&A are posted on
the SEDAR website at href="http://www.sedar.com/">www.sedar.com.
KCC Capital Corporation is actively involved in the process of
identifying and evaluating companies in various industries with a view
to completing a Qualifying Transaction.
On July 19, 2010, the Company announced that it has entered into a
letter of intent dated as of June 30, 2010 with Feng Prosperous
International Limited, a British Virgin Islands company, relating to the
acquisition of Shenyang Lufeng Foodstuff Co., Ltd. (a private Chinese
company) through its holding company, Lvfeng Development Limited (a
private Hong Kong company), and its holding company, Lvfeng
International Limited (a private British Virgin Islands company),
(collectively, "Lufeng" and the acquisition, the "Acquisition").
This transaction is intended to constitute the Company's Qualifying
Transaction (the "Transaction") and is not a Non Arm's
Length Qualifying Transaction (as defined by the policies of the TSX
Venture Exchange (the"Exchange")).
Lufeng is principally engaged in the raising, slaughtering and
processing of beef cattle, and the production, sale, marketing,
distribution and export of fresh chilled and frozen beef products.
Lufeng's key market area is the city of Shenyang, capital of the
province of Liaoning in China, but it also exports product to various
countries in the Middle East.
Investors are cautioned that trading in the securities of a capital
pool company should be considered to be highly speculative. KCC Capital
Corporation is a capital pool company governed by the policies of TSXV.
Its principal business is the identification and evaluation of assets or
businesses with a view to completing a Qualifying Transaction.
The TSX Venture Exchange does not accept responsibility for adequacy
or accuracy of this release.
SOURCE KCC CAPITAL CORPORATION
For further information: For further information:
Ph: (416) 861-3099