GFRE - I had to join the party in AH at around 3.50. I know, I know, I stated that it was bad news that there was a delay, but you can never be too cautious. Plus, its rare that there are issues with 10q and would state it over and over that it is "definitely" not a good sign in this space if there is a delayed 10Q.
GFRE - Daying Wastewater Plant (sorry I kept saying Paying)
GFRE is not going public on the Daying project yet outside of China, and for good reason - just in the govt planning stages - so no contracts or loans or anything else - just the Daying Party/Govt saying they will do anything and everything to make it happen - but read this article and see what you think -
May GFRE talk about this in the meeting this week with Opp Conference in NYC - maybe....
I put the Chinese but it would not show so I took out - here is the link:
Daying county made a breakthrough in attracting major investments.
3 billion yuan investment plans for the city of Daying
Reporter (Haijun Tan, Jiajia Yan, Shuangquan Li)
Daying county has been focusing on attracting major investors and improving the investment environment this year. As a significant breakthrough, Daying county launched a 3.02 billion Yuan development plan from major investors this spring quarter. This plan includes five projects in different industries such as fine chemical industry (The bromine, sodium chlorate co-production project). The signing ceremony of this development plan was held in the county conference room on March 28.
There are five major projects in this development plan. The first project is the bromine , sodium chlorate co-production project. Hao Yuan Chemical Industry Co., Ltd. ( Shouguang City, Shandong Province) is investing 1.5 billion yuan ($230 million ??) in the first phase of this project. The second project is the electronic precision cutting tools and metal tooling project. Zhongshan Kate Locke Tunnel Machinery Co., Ltd. has a 2 billion Yuan investment in this project. The third project is the FHP-H high-speed railway bridge bearing grout project. ZhejiangThree Lions Co., Ltd. invested 580 million yuan in this project. The fourth project is the low voltage electrical project. Chengdu Great Wall Electrical Co., Ltd invested 630 million yuan in this project; The fifth project is the drilling lubricants project. Chengdu Yuding Technology Co., Ltd. Invested 110 million Yuan on this project.
The most exciting project of all is the project invested by Shandong Hao Yuan Chemical Industry Co., Ltd. The company plans to use the rich brine mineral resources in Daying county as an advantage to build an effective industrial chain to produce multiple fine chemical products. Hao Yuan Chemical Industry Co., Ltd. has strong financial and technological advantages over many other companies in this industry. The Phase One 1.5 billion yuan investment will be used to build the following industrial chains and industrial base in the industrial development zone of Daying county. The project includes: building the "mentioning bromine - dibromo aldehyde - 345 Trimethoxybenzaldehyde - methicillin pyridine" industrial chain; building the “iron ion stabilizer byproduct, cleanup additive, heavy oil yield agent, AKD surface of plastic, the chelating agent” industrial chain; building the acid sodium whole industry chain and planning the layout of the "bromine chemical industry base in Sichuan Province". These future development plans by Shandong Hao Yuan Chemical Industry Co., Ltd. is particularly compelling among others. Phase Two investment will integrate the technical and financial advantages of Shandong Shouguang agricultural Co., Ltd. into the projecta. The goal of the phase two investment is to promote the agricultural industry and tourism industry in Daying county.
The secretary of the Party committee in Daying County , Zhiming Jiang, gave a warm welcome to the investors. He congratulated the successful signing of the five major projects, including the bromine , sodium chlorate co-production project by Hao Yuan Chemical Industry Co., Ltd. (Shouguang City, Shandong Province). It has important impact in the industrial economic restructuring in Daying county. Also it provides effective protection for the strategic development for the future.
“Daying has a great regional advantages.”, Zhiming Jiang said, “Daying also has rich natural resources and human resources. ” He also pointed out that the bromine , sodium chlorate co-production project by Hao Yuan Chemical Industry Co., Ltd. (Shouguang City, Shandong Province) is a great industrial revolution for Daying. It will break the traditional salt industry constraint Daying has suffered in the past. It will improve the regional economic condition by producing higher value deep-processed products. He believes in the people in Daying with their diligence and enthusiasm. He is positive that the project will be a great success and has a great potential for future development.
The deputy secretary of the Party committee and the deputy head commissioner of the county pointed out that the develop plan should follow the county development slogan: “ Environment first, service first”. This plan is the reaffirm of the county’s quality investment environment. Meanwhile it is posing new challenges for the county. They asked all the departments of the county to make every effort to promote the development plan. They will make sure to put the implementation of the plan to the first priority. They will keep all the promises they made to the investors /merchants/customers in the aspects of policy, environment, services and so on. They will ensure the quality of government service and try to resolve any conflicts during the implementation of the plan.
The president of Shandong Hao Yuan Chemical Industry Co., Ltd. , Ming-Yi Yin addressed acknowledgement as a representative of the investors. He said brine Chemical is a technology-intensive, capital-intensive energy industry. The development of the brine in Daying county has a great regional advantage due to its location and resources. The company has great confidence that it will bring Daying county incredible economic growth.
The following representatives of the government have attend the signing ceremony: Congress Chairman, Xianpei Tang County Council Chairman Jiming Zhang County Committee, County Director, County Council Chairman, Xuejun Zhang County Standing Committee, Minister of the Organization ,Jie He County Standing Committee, deputy governor , Xinyu Shi Deputy governor, Lingfeng Wu
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