$57 million SPAC China Healthcare Acquisition Corp. (NYSE Alternext US: CHM, CHM-U, CHMW) announced today that its Board of Directors has set March 5, 2009 as the record date for determining the stockholders entitled to receive liquidating distributions from its trust fund.

The Company has instructed its transfer agent, American Stock Transfer & Trust Company, to close its stock transfer books as of the close of business on March 5, 2009.

Public stockholders at the close of business on March 5, 2009 will receive approximately $5.89 per share of common stock issued in the Company’s IPO, pending shareholder approval.

The SPAC, which priced its IPO in April 2007, is helmed by Alwin Tan, CEO & President (International Medication System, Ameribankers Corp) and Steven Wang, CFO (Cosmos Machinery Corp, Quality Pre-Cast Company).

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