Skip to main content

CHNC Announces Return of Half a Billion Shares

Written by Customer Service on . Posted in Public Companies.

HOUSTON, TX, March 28, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – China Infrastructure Construction Corp (OTC: CHNC): CHNC announces that Dante Picazo, its Chief Executive Officer, is surrendering over 500,000,000 shares of the Company’s common stock to the Company. The Company intends to use these shares for potential outstanding board directors that bring to the Company financial and a scientific business acumen, integrity and high ethics; as well as share-based employee benefits under an incentive plan that will permit the issuance of stock options, restricted stock, restricted stock units and other forms of compensation to its partners (employees). This is one of the many benefits that our partners (employees) enjoy and deserve and allows them to empower themselves, since they are the heart that pumps the blood that keeps our organism going and greatly nourishes every single segment. The reissuance of Mr. Picazo’s shares will not be dilutive.

Henry Levinski, CHNC’s treasurer, said, “We have decided to return these shares for use in an employee benefit plan so that the Company can reward its partners through share-based compensation in a way that will not result in dilution to its shareholders.” He added, “We are extremely proud of the talent that each person in our team has brought to the table in order to create, produce and sell our products. Throughout the ups and the downs of our business, our partners have successfully overcome the challenges that we have faced.”

Last week, CHNC announced that it had completed the audit of its financial statements by a PCAOB registered accounting firm and its plans to change its corporate name. 

The Company welcomes new challenges and is ready to meet them. 

To learn more visit: https://www.chnc-hdh.com/ 

Safe Harbor Statement

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continue,” “estimate,” “projects,” “intends,” and similar phrases. Forward-looking statements involve risks and uncertainties that could cause actual results to differ from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of geopolitical conditions, competition, changes in technology and methods of marketing, and various other factors beyond the company’s control. 

For more information contact us at:
info@pharmacologyuniversity.com
817/528-2475 for English
214/733-0868 for Spanish

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.