Replies to post #161862 on Naz News, Gappers and FLE''s

[mcmike]

SDTH: acquisition and relocation news

ShengdaTech Outlines Plan to Acquire State-owned Chemical Company and Relocate Existing Chemical Operations
Friday June 20, 9:59 am ET

Jinan Fertilizer and its subsidiaries hold a 16% share of the domestic concentrated nitric acid fertilizer market and account for approximately 50% of China's concentrated nitric acid fertilizer exports, making it the second largest in the industry.

Company estimates that once Jinan Fertilizer achieves full operations in 2009 it could yield an annual sales of approximately three times the current sales of ShengdaTech's existing chemical business. The gross margin is estimated to be equal or higher than the current chemical business at targeted production levels.
http://biz.yahoo.com/prnews/080620/cnf025.html?.v=11

moving their current chem. operations has been in the cards for a long time... first blush seems like they are getting a good deal and an accretive to earnings acquisition




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