Zinc / Lead Smelting

Grand Avenue Capital represented the third largest zinc / lead smelter in China in a private equity placement. Dong Ling is a leading producer of ferrous and non-ferrous metals in China. It is well diversified in zinc smelting, steel production, steel trading, coke and mineral development. The Company had at the time of engagement had revenues of $US 2.6 billion with $US 180 million in EBITDA.