INFAC MANAGEMENT CORPORATION-LOS ANGELES, CALIFORNIA – AUCTIONED
600,000 Class B Units owned by INFAC Management Corporation, a California corporation, in INFAC India Group, LLC, a Caliornia limited liability company . IIG’s primary asset is, subject to successful resolution of a dilution claim against the majority shareholder, 31% of the ownership interests in an Indian company, AMRL Hitech City, Ltd. (“Hitech”). Hitech owns, subject to Indian government regulation, the rights to develop a mixed-use industrial park complex designated by the government as a Special Economic Zone (the “Project”). The Project is intended to provide advanced technology manufacturing firms sites for their facilities and is located in the Tirunelveli District, Tamil Nadu, India.