NEW YORK, May 19, 2015 /PRNewswire/ -- Sino Mercury
Acquisition Corp. (the "Company") (Nasdaq: SMAC; SMACU; SMACR),
a special purpose acquisition company, announced today that
it will present at the 2015 Marcum MicroCap Conference on
Thursday, May 28, 2015 in
New York City at the Grand Hyatt
Hotel.
The Company's presentation by Richard Xu, President is
scheduled to begin at 1:30 p.m.
ET.
The annual Marcum MicroCap Conference is a showcase for public
companies with less than $500 million
in market capitalization. This year's keynote speaker will be
Richard S. Fuld, Jr., Chairman of
Matrix Advisors and former Chairman of Lehman Brothers.
For more information or to register, please visit the conference
website at http://www.marcumllp.com/microcap or download the free
official conference app for the iPhone, iPad, or for Android mobile
devices in Apple's App Store and the Google Play Market.
About Sino Mercury Acquisition Corp.
Sino Mercury Acquisition Corp. is a blank check company formed
in order to effect a merger, capital stock exchange, asset
acquisition or other similar business combination with one or more
businesses or entities. The Company was incorporated under the laws
of Delaware on March 28, 2014. The units from the initial public
offering (including the over-allotment option) were sold at an
offering price of $10.00 per unit,
generating total gross proceeds of $40,801,000.
On April 27, 2015, the Company
announced that it had entered into a definitive agreement to merge
with Wins Finance Group Ltd. ("Wins"). Wins, a British Virgin
Island holding company with business operations in China, is a leading integrated lending
solution provider mainly serving small-and-medium sized enterprises
("SMEs") in Shanxi Province,
China. Wins' goal is to assist
Chinese SMEs, including microenterprises, which have limited access
to financing, to improve their overall fund-raising capability and
enable them to obtain funding for business development. Since its
establishment in 2006, Wins has helped various SMEs obtain funding
by providing them financial guarantees, and financial leasing as
well as advisory
services.
Upon the consummation of the transactions contemplated by the
definitive agreement, (i) the Company will be merged with and into
Wins Finance Holdings Inc., a newly formed Cayman Islands company ("Holdco") and
wholly-owned subsidiary of the Company, with Holdco surviving the
merger (the "merger") and (ii) immediately following the merger,
the shareholders of Wins will exchange 100% of the ordinary shares
of Wins for cash and ordinary shares of Holdco (the "share
exchange"). The transaction is expected to be completed in the
third quarter of 2015, pending regulatory and shareholder approval,
and satisfaction of customary closing conditions.
About the Marcum MicroCap Conference
The Marcum
MicroCap Conference is dedicated to providing a forum where
publicly traded companies under $500
million in market capitalization can network with the
investment community. The conference features presentations by CEOs
and CFOs from six principal industry sectors and provides investors
with the opportunity to meet with management of these companies on
a one-on-one basis. Industry sectors include Technology,
Media & Internet; Software & Business Services; Life
Science & Healthcare; Retail & Consumer Products; Energy
& Natural Resources; and Industrials. The conference
additionally includes a full agenda of panel discussions on issues
of strategic importance to small cap issuers and investors,
moderated by industry leaders.
The Marcum MicroCap Conference attracts fund managers and high
net worth investors focusing on small cap equities. Over 2,000
participants from all segments of the microcap market attend each
year, including senior management, finance and legal
executives, venture and lower middle-market private equity
investors, institutional investors, directors, investment bankers,
buy- and sell-side analysts, and service providers to the microcap
marketplace.
For complete information about the 2015 Marcum MicroCap
Conference, visit www.marcumllp.com/microcap.
Marcum is a registered Public Company Accounting Oversight Board
(PCAOB) firm. Marcum's Assurance Division provides the most
up-to-date service and guidance on SEC accounting and reporting
issues. Services include Financial Statement Audits in accordance
with PCAOB standards; Tax Compliance and Advisory Services; Due
Diligence; Agreed-Upon Procedures and Other Attest Work; Internal
Audit Services; Sarbanes-Oxley Section 404 Compliance Services and
Software; Technical Accounting Assistance; and IPO Assistance.
Marcum's SEC Practice led the audit industry in most net new public
company clients in the fourth quarter of 2013. For more
information, visit www.marcumllp.com.
About Marcum LLP
Marcum LLP is one of the largest independent public accounting and
advisory services firms in the United
States. Ranked #15 nationally, Marcum LLP offers the
resources of 1,300 professionals, including over 160 partners, in
23 offices throughout the U.S., Grand
Cayman and China.
Headquartered in New York City,
the Firm's presence runs deep, with full-service offices
strategically located in major business markets. Marcum is a member
of the Marcum Group, an organization providing a comprehensive
range of professional services spanning accounting and advisory,
technology solutions, wealth management, and executive and
professional recruiting. The Marcum Group companies include Marcum
LLP; Marcum Technology LLC; Marcum Search LLC; Marcum Financial
Services LLC; Marcum Bernstein & Pinchuk LLP; and
MarcumBuchanan Associates LLC.
Forward Looking Statements
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding future financial
performance, future growth and future acquisitions. These
statements are based on the Company's managements' current
expectations or beliefs and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive and/or regulatory factors, and
other risks and uncertainties. The information set forth herein
should be read in light of such risks. Except as required by law,
the Company is under no obligation to, and expressly disclaims any
obligation to, update or alter its forward-looking statements,
whether as a result of new information, future events, changes in
assumptions or otherwise.
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SOURCE Sino Mercury Acquisition Corp.