Announcement of New Trading Symbol for
February 05, 2010 04:25 PM Eastern Time
BURNABY, British Columbia--(EON: Enhanced Online News)--As previously announced, Ableauctions.com Inc.
(NYSE AMEX:AAC) (the “Company”) will consummate its acquisition of SinoCoking today effective at 5:00 p.m.
Pacific Time. At such time a 1-for-20 reverse stock split will be effected and the Company’s name will be changed
to “SinoCoking Coal and Coke Chemical Industries, Inc.”
On Monday, February 8, 2010, the post-reverse-split, post-transaction shares of the Company’s common stock
will be quoted on the OTC Bulletin Board under the symbol “SCOK”.
Top Favour Limited, a British Virgin Islands holding company (“Top Favour”), through its wholly owned subsidiary
Pingdingshan Hongyuan Energy Science and Technology Development Co., Ltd. (“Hongyuan”), controls Henan
Province Pingdingshan Hongli Coal & Coke Co., Ltd. (“Hongli”), a coal and coal-coke producer in Henan Province
in the central region of the People’s Republic of China (“PRC” or “China”). Hongli produces coke, coal, coal
byproducts and electricity through its branch operation, Baofeng Coking Factory, and its wholly owned subsidiaries,
Baofeng Hongchang Coal Co., Ltd. and Baofeng Hongguang Environment Protection Electricity Generating Co.,
Ltd. (collectively referred to as “SinoCoking”).
For further information about SinoCoking, please refer to the Definitive Proxy Statement of Ableauctions.com, Inc.
filed on Schedule 14A with the Securities and Exchange Commission on November 27, 2009, available at
For more information, contact Investor Relations at firstname.lastname@example.org
Vid Wadhwani, 604-293-3933