NEW YORK and SHENZHEN, China, Oct. 6 /Xinhua-PRNewswire-FirstCall/ -- China Finance, Inc. (BULLETIN BOARD: CHFI) (the "Company"), a provider of financial support and services for China's large and rapidly expanding class of small and medium enterprises ("SMEs"), today announced that the Company intends to expand its business to include strategic direct investments in and acquisitions of the equity of SMEs through its wholly-owned subsidiary, Value Global International Limited, a British Virgin Islands company ("Value Global"). The Company also announced today that, consistent with this new line of business, Value Global has signed a non-binding letter of intent to acquire 80% of the current issued and outstanding shares of Wenxi Baiyu Magnesium Co., Ltd. ("WBM") from Shanxi Baiyu Industrial Group ("Shanxi") for approximately...
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