ShengdaTech, Inc. (fka SDTHQ)

[Iy007]

Shengdatech Inc. Hidden Assets in China

Shengdatech Inc. Chinese name “Shandong Shanda Technology Group Co., Ltd.” or “Grand technology group”

On July 2011 ??? Chen Xiangzhi family, 42.26% owner of the “Grand technology group” was listed the 55th Richest Family in China with net worth of 4.563 Billion Yuan or nearly $720 Million USD. His name is listed under “Overseas Richest” because of his 42.26% stake of the US public company “Shengdatech Inc.” meaning 42.26% of Shengdatech inc. in China was appraised for 4.563 Billion Yuan on July 2011 by eastmoney.com, one of the biggest finance portals in China. http://www.publicitas.com/fileadmin/uploads/hongkong/Factsheets/2012/Online/CN_factsheet_Eastmoney.com_PHK.pdf

http://www.google.com/#hl=en&sugexp=les%3B&gs_nf=1&gs_mss=eastmoney.com&pq=eastmoney.com.cn&cp=12&gs_id=9&xhr=t&q=eastmoney.com&pf=p&sclient=psy-ab&oq=eastmoney.co&gs_l=&pbx=1&bav=on.2,or.r_gc.r_pw.r_qf.&fp=ab1a020529bad5f7&biw=993&bih=549&bs=1

The report
http://translate.googleusercontent.com/translate_c?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&twu=1&u=http://topic.eastmoney.com/caif2011/&usg=ALkJrhjk_W0ZEmRNX13SVAYalpTKJlVESw
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55 | Chen Xiangzhi family of 4.563 billion Yuan . . .
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&u=http://www.jiazuqiye.net/thread-7754-1-1.html&usg=ALkJrhijS8GW8t2USFYAH32RbEV6mS5JbA
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55 | Chen Xiangzhi family 4.563 billion Yuan / grand Technology
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&u=http://app.hexun.com/360/news.jsp%3Fid%3D131720042&usg=ALkJrhgl5UMDvWVGATUBNd3tKaY9ra-PPQ
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55 | Chen Xiangzhi family 4.563 billion yuan / grand Technology
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&u=http://www.ccstock.cn/finance/hangyedongtai/2011-07-25/A518669.html&usg=ALkJrhi__t_N8GGkWsoKzmCt632BW6lRsA
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Chen Xiangzhi 2011 Third affecting Shandong Person of the Year (See Ranking 14)
http://translate.googleusercontent.com/translate_c?act=url&depth=1&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=zh-CN&tl=en&u=http://tp.dzwww.com/zhuanti/yxsdrw/second.jsp%3Fgroup%3D1&usg=ALkJrhj-PmcRrH3iiynbeSP1NghOllyTIg
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This is the “Grand Technology Co., Ltd. in Shandong” Official Website in China
http://685630.01p.com/ in Chinese
Google Translate
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2F685630.01p.com%2F&act=url
This web address is a code number “685630.01p” to conceal information for the same reason they shut down the company’s original website www.shengdatech.com right after filing for chapter 11. Company has many more websites all in Chinese under “Shandong Shanda Technology Group Co., Ltd”, “Shanda Technology Group”,” Shengda group” “Grand Technology” and the subsidiaries all associated with Mr. Chen Xiangzhi.

Employee: More than 2,000 in 2011
Annual Sales: 1.1 billion Yuan in 2011
Group consists of
? Shandong Grand nanomaterials,
? nano-materials of Shaanxi Heyzer,
? Shandong Haihua engine chemical machinery,
? Grand Equipment Installation Co., Ltd., including four subsidiaries
? Marin-engine Heavy Machinery,
? Ningdong dimethyl ether,
? Zibo Jiazenami materials including three Construction Companies,
o Hunan Schroder fertilizer plants,
o Jinan Chemical Fertilizer Plant takeover offer,
Bringing the Group's business scope covers
? nanomaterials,
? chemical machinery,
? pressure vessels,
? industrial equipment, installation,
? agricultural fertilizers
? and other major areas.
Shaanxi Heyzer, nano-materials Co., Ltd. in May 2005 in Xianyang, Shaanxi and invest in the construction of 1 million tons / year of the overall project planning, a project total investment of 900 million Yuan, covers an area of 500 acres, the annual output of 100,000 tons in 2006 officially put into operation in October, the annual turnover of 400 million Yuan; the entire project total investment of 5 billion Yuan, the total output will reach 100 million tons, will become China and even Asia's largest manufacturer of nano calcium carbonate.
Shandong Heyzer, nano-materials Co., Ltd. is a provincial high-tech enterprises in December 2005, jointly developed with Tsinghua University membrane dispersion Preparation of nanometer calcium carbonate and technological achievements and successfully passed the state appraisal, products are successfully applied to the tire, rubber, plastics, etc. industry, in the rubber field have come out on top in the country, the development of rubber nano calcium carbonate products for Tire glue, flex resistance increased by 150% anti-aging properties of the inner tube manipulation products increased by 5% ~ 7%, and greatly improve the air tightness performance. Can replace some of the high-grade raw materials such as expensive silica in tire formulations, significantly reducing the cost of production.
Shandong Shanda Chemical Construction Co., Ltd. for two construction quality general contracting enterprise, petrochemical, petrochemical, metallurgy, and dozens of major projects across the country contract, completion of the 30 places of the national key projects, works 100% pass rate, fine rate of more than 85%.
Shandong Haihua engine Chemical Machinery Co., Ltd., formerly known as Shandong Taian Chemical Machinery Plant, founded in 1970, and 2003 through the IS09001 2000 quality system certification. National class, second class, three types of pressure vessel design and manufacturing license. The first pressure vessel design, Shandong Province, one of the manufacturing license, and general overhead cranes and common gantry crane Class B manufacturing qualification.
Sea-engine Heavy Industry Machinery Co., Ltd. is located in Huludao, Liaoning, is a high-tech machinery and equipment manufacturing enterprises, registered capital of 1 billion Yuan, total investment of 2.8 billion Yuan, covers an area of 1602.5 acres. The Company started construction in July 2008, the planned duration of four years, the main products of nuclear power equipment, petrochemical equipment, coal-chemical equipment, non-ferrous metal devices. Full production will be the same industry in Asia Heavy Mechanical Design, R & D, production and manufacturing export base.
The Zibo Jiazenami Materials Co., Ltd. is located in Zibo High-tech Industrial Development Zone, the factory covers an area of 350 mu, with registered capital of $56,000,000, a total investment of $99,731,300. Mainly for the production of rubber, tires, plastics, coatings, polyethylene and other special nanometer active calcium carbonate, and plans to put into operation in July 2009, when the grand third nanometer calcium carbonate production enterprises.
Investment by Zhongwang Zibo Jiazenami Materials Co., Ltd. established a registered capital of approximately $56 million with a total investment of $99,731,300. New materials and advanced manufacturing base is located in Zibo High-tech Industrial Development Zone, the specific location: west of Industrial Road, Chun Chinese auto parts factory north of the railway east of Zibo East, south of Jinan-Qingdao Expressway roads. The factory covers an area of 350 acres, the nature of land for industrial use.
The main building of production workshops, warehouses, spare parts warehouse, production, science and technology building, shift quarters, canteen, maintenance shop, duty room, etc., for a total construction area of 103,872 square meters. New dedicated production equipment and other auxiliary equipment 1773 (sets).
Decentralized micro-mixing production technology by Grand Technology Co., Ltd. and Tsinghua University developed a membrane-based, to reach an annual output of 120,000 tons through the development of new technology to enlarge the production scale, the level of production technology reached the international initiative, the leading domestic level , so that technical optimization, reasonable, and low energy consumption.
Company's annual production of 10,000 tons of rubber nanometer active calcium carbonate, 26,000 tons of tires dedicated nanometer active calcium carbonate, 20,000 tons of plastic dedicated nanometer active calcium carbonate, 16,000 tons of special coating nanometer active calcium carbonate, polyethylene-specific nano calcium carbonate activity 6,000 tons of polypropylene dedicated nanometer active calcium carbonate, 36,000 tons of paper dedicated nano calcium carbonate activity. A 60,000 t / year, plans to put into operation in July 2009, all put into the sales income in normal years is 458 million Yuan.
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This is another website providing similar information

http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.sdbys.cn%2Flogo-sy%2F3-sdsd.htm&act=url
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“Shandong Shanda Technology Group” or “Grand Technology Co., Ltd. in Shandong” job offerings including salaries posted here daily.
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fopendata.baidu.com%2Fzhaopin%2Fs%3Frn%3D20%26wd%3D%25C9%25BD%25B6%25AB%25CA%25A2%25B4%25F3%25BF%25C6%25BC%25BC%25BC%25AF%25CD%25C5&act=url

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On August 11, 2011, nearly 8 days before filing of the chapter11, Mr. Chen Xiangzhi and Shandong government officials are discussing acceleration of the “source of all the nano calcium projects”, Asia’s largest NPCC production.

http://translate.google.com/translate?hl=en&sl=zh-CN&u=http://zsj.ahhs.gov.cn/include/content.php%3Fid%3D342&prev=/search%3Fq%3D%2522%25E5%25B1%25B1%25E4%25B8%259C%25E7%259B%259B%25E5%25A4%25A7%25E7%25A7%2591%25E6%258A%2580%25E9%259B%2586%25E5%259B%25A2%2522%26hl%3Den%26sa%3DX%26biw%3D1078%26bih%3D503%26tbs%3Dcdr:1,cd_min:8/1/2011,cd_max:8/6/2012%26prmd%3Dimvns&sa=X&ei=TR0gUPu0EqKPiALX74HAAg&ved=0CHAQ7gEwAQ

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On 2011-09-30 Mr. Chen Xiangzhi had a meeting with Sun Jun officials to expedite the approval procedures and to further promote the project.
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.ahhs.gov.cn%2Finclude%2Fweb_content.php%3Fid%3D5102&act=url
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This explains the missing of the $150million that was taken from Shengdtech account to accelerate Asia’s largest NPCC production project.
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Development of a 349407-91-6 new generation of automotive primer and automobile paint, another major source of revenue
http://www.ourchemical.com/catalogs_34/349407-91-6/
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Here is the company webpage in Chinese with latest NPCC Prices in different grades.
http://shengdatech.cn.gongchang.com/
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Zhaopin.com, among other things, also lists the machinery that are put in place from 2008 and now it is completed after 4 years in 2012 for the 2.8billion Yuan “Pressure Vessel project” for Nuclear Power Plants.
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fcompany.zhaopin.com%2FP2%2FCC3209%2F4381%2FCC320943815.htm&act=url
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Chong Ming and his entourage visited Shanda Shanghai nanotechnology R & D center
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.china-zibo.com%2Fnews%2Fonews.asp%3Fid%3D3821&act=url
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Shandong Shanda Technology Group Chairman Chen Xiangzhi and other senior leaders have conducted fruitful talks, the two sides to accelerate the project of Anhui source congregation Nano Technology Co., Ltd., to ensure that a 40,000 t project in the first quarter, 2011 production reached a consensus.
http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.ahhs.gov.cn%2Finclude%2Fweb_content.php%3Fid%3D4333&act=url
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Mr. Chen Xiangzhi apparently was not satisfied with 42.26% of the business empire he was building and since he was running the show, he decided to take them all at the cheapest possible price through filing of the chapter 11 bankruptcy while his manufacturing plants maintain daily business without interruption. He shut down shengdatech’s US website www.shengdatech.com, to conceal company’s activities from the US investors and discourage shareholders to sell shares with great loss and now the liquidation scam under “Reorganization Plan” to get rid of the creditors and shareholders’ all at once because after accumulation of enormous wealth with “AAA” honorary credit from major Chinese banks Mr. Chen Xiangzhi would no longer needs American’s money to expand his business empire.

http://tp.dzwww.com/zhuanti/yxsdrw/info.jsp?id=86240 In Chinese

http://translate.google.com/translate?sl=zh-CN&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Ftp.dzwww.com%2Fzhuanti%2Fyxsdrw%2Finfo.jsp%3Fid%3D86240&act=url Google Translate
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Here is an example of the serious consequences of white collar criminals when taking shortcut to wealth in China.
http://www.youtube.com/watch?v=YZI_5gMNnEU

Mr. Chen Xiangzhi must be aware of the fact that we, the shareholders, at this point have not much to lose and with all the evidence in hand, can report him to Chinese authorities now aim to eradicate white collar crimes in China to attract capital investment, the life blood of China’s economy. There are thousands of angry shareholders against one greedy man and we sure know where to report him if he refuses to do the right thing while he still can! Bob Olson and Michael Kang must also be aware the serious consequences of misleading the company’s creditors, shareholders, the court and the SEC when hiding the company’s assets and proposing liquidation in the name of reorganization!

We are a group of investors and long time shareholders of shengdatech inc. in search of company’s assets and future plans in China and around the world to protect our investments.

A copy of this has be sent to the following e-mails
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