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May 11th, 2007
United Credit Ltd has announced that, by virtue of holding more than 50% of the Paid-up Equity Shares of United Nanotech Products Ltd, the Company became the Holding Company of United Nanotech Products Ltd.
Further the Company has informed that, United Nanotech Products Ltd has informed the Company vide its letter dated May 09, 2007 that they would consider allotment of further 2,50,000 Equity Shares of Rs 10/- each to NEI Corporation, U.S.A. on May 18, 2007. Upon such allotment to NEI Corporation, U.S.A., the Company will cease to be the Holding Company of United Nanotech Products Ltd.
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