Chai-Na-Ta Corp.
OTC Bulletin Board : CCCFF

Chai-Na-Ta Corp.

November 03, 2006 17:00 ET

Delay in Completion of Distribution in Specie of Chai-Na-Ta Corp. Common Shares Held by its Major Investor

RICHMOND, BRITISH COLUMBIA--(CCNMatthews - Nov. 3, 2006) - Chai-Na-Ta Corp. (OTCBB:CCCFF) advises that its major investor, Road King Infrastructure Limited ("Road King"), announced on November 3, 2006 that it will delay the distribution of the common shares of Chai-Na-Ta which it holds to its shareholders by way of a special interim dividend.

In its September 21, 2006 press release, Road King indicated that it will distribute its entire holding of Chai-Na-Ta's common shares by November 3, 2006 to its shareholders whose names appear on Road King's register of members on October 13, 2006 on a pro rata basis. Road King announced on November 3, 2006 that due to the substantial time needed to streamline the trading arrangement for its qualifying shareholders, the completion of the distribution will be delayed to on or before December 31, 2006.

Chai-Na-Ta Corp., based in Richmond, British Columbia, is the world's largest supplier of North American ginseng. The Company farms, processes and distributes North American ginseng as bulk root, and supplies processed material for the manufacturing of value-added ginseng-based products.

This news release contains forward-looking statements that reflect the Company's expectations regarding future events. These forward-looking statements involve risks and uncertainties, and actual events could differ materially from those projected. Such risks and uncertainties include, but are not limited to, the success of the Company's ongoing research programs, general business conditions, and other risks as outlined in the Company's periodic filings, Annual Report, and Form 20-F.

Contact Information

  • Chai-Na-Ta Corp.
    Wilman Wong
    Chief Financial Officer/Corporate Secretary
    (604) 272-4118 or Toll Free: 1-800-406-7668
    (604) 272-4113 (FAX)