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SPAC Chardan 2008 China Acquisition prices units at $8

August 12, 2008

Chardan 2008 China Acquisition, a SPAC led by the owner and CEO of Chardan Capital Markets, priced its 6.9 million unit offering at $8.00 on Monday. The units, which consist of one ordinary share and one warrant with a $5.00 strike price, are expected to begin trading on the NASDAQ on Tuesday under the ticker CACAU. Brean Murray, Maxim Group and Roth Capital were the joint lead managers on the deal.