On the heels of its warrants being delisted by the American stock Exchange for trading at less than $0.01, $59 million SPAC China Healthcare Acquisition Corp (CHM), whose previous $60MM merger with Europe Asia Huadu Environment Holding was called off due to adverse market conditions, will be asking its shareholders to vote on the following amendments to its articles of incorporation, effectively stripping the company of its SPAC status:

1. to permit the early distribution of the Trust Account holding the proceeds of CHM’s IPO to the holders of the shares of common stock issued in the IPO;
2. to permit CHM to continue as a corporation beyond the time currently specified in our certificate of incorporation without the limitations related to our IPO;
3. to remove Article VI from our certificate of incorporation, which, among other blank check company-related restrictions, requires us to dissolve in the event that CHM does not consummate a qualifying business combination by the time period currently specified in our certificate of incorporation; and
4. to increase the authorized shares of common stock from 50,000,000 shares to 100,000,000 shares of common stock

The vote date has not yet been set.

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