Asia Automotive Acquisition
Corporation Files Preliminary Proxy Statement for Acquisition of
Hunan TX Enterprise Co., Ltd.
NEW YORK - Asia Automotive
Acquisition Corporation (BULLETIN BOARD: AAAC) has filed a
preliminary proxy statement with the Securities and Exchange
Commission ("SEC") for a special meeting of shareholders to be
held to consider AAAC's pending acquisition of Hunan TX
Enterprise Co., Ltd. ("TX"). As previously announced on July 25,
2007, AAAC had entered into an Equity Acquisition Agreement (the
"Agreement") to acquire 100% of the outstanding shares of TX. On
August 13, 2007, AAAC announced that the Changsha Ministry of
Commerce approved the Agreement.
The preliminary proxy statement is
subject to SEC review. The date of the special meeting of
shareholders and the record date for the meeting will be
specified in a definitive proxy statement to be mailed to
shareholders following such review. For shareholders' general
information, the preliminary proxy statement is available on the
SEC's website at www.sec.gov.