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Grand Cathay Securities advised WGP Holdings in share swap transaction between WPG Holdings and Yosun Industrial

November 2010

Client(s) Grand Cathay Securities Corporation

Jones Day advised Grand Cathay Securities Corporation, the financial advisor to WPG Holdings Limited, in the stock-for-stock merger of Yosun Industrial Corp. with WPG Holdings Limited. The share swap ratio was 1:0.902 (Yosun: WPG).

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