China Infrastructure Construction Corp., a U.S.-listed provider of ready-mix concrete in Beijing, completed a USD$10 million equity offering on Oct. 16, 2009.

Led by institutional investors in Asia and North America, the CHNC private placement offering was increased to USD$10 million from an originally planned USD$5 million. The Company sold approximately 2,564,103 shares of its common stock, no par value, at $3.90 per share in the offering. Immediately after the private placement there were approximately 11,118,397 shares of CHNC common stock outstanding. California-based Hunter Wise Securities, LLC served as the exclusive placement agent to CHNC.

CHNC through its PRC subsidiaries operates its ready-mix concrete facilities in China's capital under the brand of Chengzhi Qianmao Concrete Co, Ltd. ("Beijing Concrete"). In its most recent fiscal year ended May 31, 2009 CHNC achieved after-tax net income of USD$10.5 million. As a condition of the financing, CHNC agreed to net income targets of USD$14 million and USD$18 million, subject to certain adjustments, for each of the fiscal years ending May 31, 2010 and 2011 respectively.

CHNC has expanded its operations from a single production facility in Beijing to additional production in the nearby city of Tangshan. There are two prime production facilities with one located in Beijing's Nanhaizi area, on the west side of the Yizhuang Economic Development Zone south of Beijing, and the other is located in the Tangshan Development Zone, about two hundred kilometers east of Beijing. CHNC has a combined annual operating capacity from these two locations of 3.0 million cubic meters.