/NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES/.
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 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.
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