Heli Electronics Corp. (HELI) Company Brief

Posted by on Jun 21, 2010 | No comment

Heli Electronics Corp. (OTC: HELI) today updated its shareholders on the impact of the Share Exchange Agreement closed on June 15, 2010. The company announced that in connection with the closing of the Share Exchange Agreement it has undergone corporate changes, which include change of name from Dong Fang Minerals to Heli Electronics Corp., change of stock symbol to HELI, split of the company’s common stock at the ratio of 120 new shares for ever existing 1 share.

Among other updates given by the company, Jian Hong Liu, its former director and officer, has canceled 299,500,000 of common share held by him, Lu Lu, a former director and officer, will be replaced by Xin Qiu as the company’s CEO.

Last week, Heli updated its shareholders that it was authorized as Mainland China’s marketing, distribution, and promotion agency of Haier’s Audio/Visual products in June 2008.  Also, last week, the company announced the completion of a Share Exchange Agreement with Heli Holding Group, a British Virgin Islands corporation. As per the agreement, Heli Electronics Corp. acquired 100% of Heli Holding Group Ltd’s shares in exchange for 144,280,000 of its common stock.

China-based Heli is involved in the marketing, sales and servicing of electronics and digital AV products in China.

Shares of HELI soared 33.33% to $0.12 in today’s morning trading.

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BeaconEquity.com is committed to producing the highest-quality insight and analysis of small-cap stocks, emerging technology stocks, hot penny stocks and helping investors make informed decisions. Our focus is primarily OTC stocks in the stock market today, which have traditionally been shunned by Wall Street. We have particular expertise with renewable energy stocks, biotech stocks, oil stocks, green energy stocks and internet stocks. There are many hot penny stock opportunities present in the OTC market everyday and we seek to exploit these hot stock gains for our members before the average daytrader is aware of them.

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