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ShengdaTech, Inc. (fka SDTHQ)

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Last Post: 5/20/2014 4:33:59 AM - Followers: 23 - Board type: Free - Posts Today: 0

About ShengdaTech, Inc.

ShengdaTech is engaged in the business of manufacturing, marketing and selling a variety of nano-precipitated calcium carbonate ("NPCC") products and coal-based chemicals for use in various applications. The Company converts limestone into NPCC using its proprietary technology. The unique chemical and physical attributes make NPCC a valuable ingredient in tires, paints, polyvinyl chloride ("PVC") building materials and other products. NPCC enhances the durability of many products by increased strength, heat resistance, and dimension stabilization. The Company is also engaged in the manufacture and sale of coal-based chemical products namely ammonium bicarbonate, liquid ammonia, melamine and methanol. The Company markets and sells its coal-based products mainly for chemical fertilizers and raw materials in the production of organic and inorganic chemical products, including formaldehyde and pesticides.

ShengdaTech Inc. (SDTH), a maker of nano precipitated calcium carbonate for the tire industry, sought bankruptcy protection on 8/19/2011 from creditors without citing a reason.

The company listed $295.4 million in assets and $180.9 million in debt as of Sept. 30 in Chapter 11 documents filed in U.S. Bankruptcy Court in Reno, Nevada.

Nano precipitated calcium carbonate or NPCC, is a chemical additive used in automotive and polyvinyl chloride products. ShengdaTech is a leading maker of NPCC in China, according to the company website. The company says it's the only supplier of NPCC products to the tire industry.

The Reno-based company said in court papers that unsecured creditors should expect to see a recovery from the reorganization.

The 20 largest unsecured creditors are owed about $167.5 million. Bank of New York Mellon Corp. (BK) is the biggest, acting as the indenture trustee for 6.5 percent noteholders owed about $130 million, court documents show. The bank is also listed as the trustee for 6 percent noteholders owed about $36.3 million. Fifteen of the 20 creditors are listed as owed an "unknown" amount.

The case is In re ShengdaTech Inc., 11-52649, U.S. Bankruptcy Court, District of Nevada

#1382   Hey Jaxs do I take it you like ErnieBilco 02/09/12 08:43:51 PM
#1381   ShengdaTech's voluntary petition lists its address as the jaxstraw 02/09/12 08:26:59 PM
#1380   Schedules jaxstraw 02/09/12 06:29:41 PM
#1379   Twenty Largest Unsecured Creditors jaxstraw 02/09/12 06:18:49 PM
#1378   First Day Petition jaxstraw 02/09/12 06:16:46 PM
#1377 jaxstraw 02/09/12 06:12:41 PM
#1376   many block bought in the 0,24 and 0,25 pepemartinez 02/09/12 02:42:51 PM
#1375   MA50 = 1,15$ look it dorian pepemartinez 02/09/12 01:53:08 PM
#1374   I love it when the shorts get killed... doriangrey 02/09/12 01:42:23 PM
#1373   Dorian, it seems like open market buying to geodan 02/09/12 01:40:21 PM
#1372   If this can get back into SEC compliance, colectinmrnj 02/09/12 11:40:59 AM
#1371   At the rate it is going I would doriangrey 02/09/12 11:33:59 AM
#1370   could shenda return to 1$ someday? this year pepemartinez 02/09/12 11:16:26 AM
#1369   8-11-2011, however keep in mind, it's executable at doriangrey 02/09/12 11:06:27 AM
#1368   How long ago was that filing? I geodan 02/09/12 12:56:03 AM
#1367   No, more like a purchase of 1.5 million doriangrey 02/08/12 12:39:32 PM
#1366   Volume up, it is starting to look like colectinmrnj 02/08/12 12:32:55 PM
#1365   And it hit's .20 with the ask at .23 doriangrey 02/08/12 12:31:38 PM
#1364   .20 hit elbiatcho1 02/08/12 12:31:24 PM
#1363   Probably this... doriangrey 02/08/12 12:10:10 PM
#1362   why is this moving? MakinBank 02/08/12 12:06:03 PM
#1361   It just hit .19, the sky is the limit... doriangrey 02/08/12 12:05:21 PM
#1360   there it goes... the bid is now at .19 doriangrey 02/08/12 12:03:41 PM
#1359   Looks like it is going into a high doriangrey 02/08/12 10:27:42 AM
#1358   where is sdthq going? pepemartinez 02/07/12 04:55:59 PM
#1357   Thanks. BTW still .09B .12A geodan 02/07/12 03:40:32 PM
#1356   That would be my guess. doriangrey 02/07/12 03:30:51 PM
#1355   Dorian, having trouble figuring that out. Wel geodan 02/07/12 03:15:34 PM
#1354   ShengdaTech, Inc is a profitable company that has doriangrey 02/07/12 02:56:49 PM
#1353   Dorian, what is your take on that? geodan 02/07/12 02:48:41 PM
#1352   I think this is what you are referring to. doriangrey 02/07/12 01:51:09 PM
#1351   Its up another 90% today. Do not think geodan 02/07/12 01:43:52 PM
#1350   thank you very much Po$itive 02/07/12 01:18:42 PM
#1349   Sure... ShengdaTech Ranks the Highest in Terms of Gross doriangrey 02/07/12 01:18:10 PM
#1348 ShengdaTech Ranks th elbiatcho1 02/07/12 01:17:50 PM
#1347   can you post what is in that link Po$itive 02/07/12 01:15:30 PM
#1346   Yes... It's about to go right through the roof... doriangrey 02/07/12 01:14:02 PM
#1345   anyone know why the volume and price spike Po$itive 02/07/12 01:01:06 PM
#1344   All I see is the "official" delisting from ErnieBilco 12/18/11 10:46:07 PM
#1343   Wasn't there supposed to be some kind of CurtisB 12/16/11 09:58:20 AM
#1342   Shengdatech website has been down for months. Information colectinmrnj 11/23/11 11:41:05 AM
#1341   Anyone know how long the website has been down? CurtisB 11/23/11 11:03:59 AM
#1340   Its about par for some of my other ErnieBilco 10/19/11 04:20:50 PM
#1339   Hey Ernie what do you think of this colectinmrnj 10/19/11 12:56:55 PM
#1338   ShengdaTech Announces Resignation of Dongquan Zhang from Board ErnieBilco 10/12/11 04:22:49 PM
#1337   ""Here is a post from Yahoo Message Board goodword 09/26/11 08:04:37 PM
#1336   On September 9, 2011, the Board of Directors ErnieBilco 09/18/11 08:06:01 PM
#1335   If they were "producing" and selling the lights ErnieBilco 09/12/11 04:25:20 PM
#1334   That is actually a hell of a light colectinmrnj 09/12/11 04:20:01 PM
#1333   I like the odds here better than ontc(a ErnieBilco 09/12/11 04:10:54 PM