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Mianyang Enterprise Buys Shares of US Public Company

  On Feb. 13th, Anxian County Yinhe Constructional & Chem Group (YHCC) and the US Applied Nanotechnology Holding Inc.(ANHI) held their cooperation signing ceremony to build Mianyang eco-friendly chemical sci-tech industrial park together. Both sides announced that day that YHCC will spend $2.5-million to buy 5% share of ANHI and get a seat in its board of directors. This means disaster-hitted Mianyang enterprise have become a shareholder of a US listed company for the first time. 

  Taking YHCC as leading enterprise, Mianyang is now devoting to build a chemical industry with 20-billion yuan annual output value. By the cooperation of YHCC and ANHI, two technologies “CarbA1TM” and “solar metal ink” will be brought in the Anxian County “Yinhe (Huagai) sci-tech industrial park” to be industrialized. The market fostering and industrialization of the two technologies will be carried out in two phases with a total investment of 200-million yuan. Once finished, the project will realize 1.2-billion yuan output value and 240-million yuan profit and tax.

  At the same time, YHCC will be the exclusive agent of ANHI in Asia. Cooperative research and development institute will be set up in the sci-tech industrial park to produce integrated innovation ability. Taking “Yinhe (Huagai) sci-tech industrial park” as platform, the two sides will gradually form a cooperative production base and a technology R&D butt-joint base. In 5 to 8 years’ time, by constant industrialization, they will build rising chemical industry into Anxian County’s pillar industry and Mianyang’s pilot industry step by step and finally build up a tens-of-billions sci-tech industrial park.

 
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