Tsingdao, China, February 28, 2007: E. J. McKay & Co. today announced the acquisition of the rubber machinery business from Qingdao Over-World Group by India's Larsen & Toubro Limited. E. J. McKay acted as the exclusive financial advisor to Larsen & Toubro in the transaction.

About Qingdao Over-World Group

Established in 1966, Qingdao Over-World Group is a diversified industrial machinery manufacturing group based in Tsingdao, China. Over-World's rubber machinery business was established in 1982. With 25 years' industry experiences, Over-World supplies high-quality rubber making equipment to the domestic market and exports to countries such as the United States, Japan, Korea, Peru, Kenya, and Viet Nam.

About Larsen & Toubro Group

Founded in 1938 and with a 2006 turnover of US$4 Billion, Larsen & Toubro is the largest engineering and construction group in India, with diversified business interests spanning many sectors, encompassing sectors such as Engineering, Construction, Electronics, Information Technology, and industrial services.

About E. J. McKay

E. J. McKay is a Shanghai based investment banking group specialized in structuring complex cross-border mergers & acquisitions and merchant banking transactions. Through its offices and strategic partnerships, the firm is present in thirty major financial centers around the world. E. J. McKay has a dedicated focus on China, and advises transactions both inbound and outbound, representing clients both local and multinational.

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