SPAC IPO FILING: China Energy Partners Inc.

There was another SPAC IPO filing last night.  A company called China Energy Partners Inc. has filed to sell units for stock and warrants for up to $402.5 million total, although the initial filing is for some $200 million.  This is a blank check company or SPAC, special purpose acquisition company.

Here is the company’s target as it describes itself in the prospectus: "While our efforts in identifying a prospective target business will not be limited to a particular industry or location, we intend to focus our efforts in identifying prospective target businesses to the energy industry (and closely related industries) in China. To date, our efforts have been limited to organizational activities as well as activities related to this offering. We do not have any specific business combination under consideration and we have not, nor has anyone on our behalf, contacted any potential target business or had any substantive discussions, formal or otherwise, with respect to such a transaction. Additionally, we have not engaged or retained any agent or other representative to identify or locate any suitable acquisition candidate, to conduct any research or take any measures, directly or indirectly, to locate or contact a target business."

Ferris Baker Watts is the only listed underwriter for this offering.  No ticker has been assigned by AMEX.

Jon C. Ogg
January 4, 2008