Business News Agency August 30 Quanzhou Haitian Material Science and Technology Co., Ltd. (hereinafter referred to as “Haitian Materialsâ€) plans to sprint IPO, and its listing environmental protection verification report will expose its plan for listing ahead of schedule.
On August 28, the Fujian Provincial Department of Environmental Protection issued a public announcement of the environmental protection verification of Haitian Materials. Haitian Materials owns four wholly-owned subsidiaries: Haitian Dyeing and Finishing, Haitian Development, Xiamen Yingjie, and Shanghai Yingjie. Among them, Xiamen Yingjie and Shanghai Yingjie engage in sales and are not included in the verification scope. Therefore, this verification scope is Haitian Materials and its subordinates engaged in the dyeing and finishing of Haitian textile printing and dyeing and Haitian development. Upon verification, the company basically complied with environmental verification requirements. The publicity period was from August 28 to September 6.
According to the statistics, Haitian Materials intends to apply for listing in September 2011. It plans to raise funds of RMB 310 million for investment in the “biomass and functional knitted fabric construction project†of Haitian Development Co., Ltd. At present, the project has been approved by the Environmental Protection Bureau of Quanzhou City Environmental Protection Bureau. The company’s listed counseling announcement disclosed at the beginning of March showed that the major shareholders of Haitian Materials are Fujian Haitian Textile Co., Ltd., Wang Qiming and Lin Zebin.
The verification report shows that Haitian Materials is mainly engaged in the research and development of PTT polymers, textile fibers, yarns, fabrics and garments. After more than ten years of development, Haitian Materials has now become a high-tech textile group that integrates R&D of textile fabrics, textiles and garment production, commerce and investment, and an integrated industrial chain. Currently, CoolDry sports and leisure series and Corntec green series have been formed. The six major series of products, the production of fabric products is in line with the United States AATCC, Japan JIS, the European Community OEKO-TexStan-dard100 and other international advanced standards.
It is worth mentioning that Haitian Materials has established cooperative relations with the National Textile Product Development Center, Australian Wool Bureau, Hengli Group, and listed companies Yizheng Chemical Fiber, Zhejiang Longsheng (600352), and Demei Chemical (002054) to strengthen the industry. Integrate upstream and downstream links to enhance product design and innovation capabilities.
It is reported that Haitian Material formerly known as Quanzhou Haitian Textile Co., Ltd. was established in April 1994, December 31, 2008 restructuring and changed its name to Quanzhou Haitian Material Technology Co., Ltd., registered capital of 131 million yuan. The company has been awarded "National Torch Plan Key High-tech Enterprise", "National Knit Weft Production Base", "Postdoctoral Scientific Research Workstation" and other honors. From 2008 to 2010, the company has been ranked among the top 10 in the competitiveness of the Chinese knitting industry and the top 500 in the competitiveness of the Chinese textile and apparel industry for three consecutive years.
On August 28, the Fujian Provincial Department of Environmental Protection issued a public announcement of the environmental protection verification of Haitian Materials. Haitian Materials owns four wholly-owned subsidiaries: Haitian Dyeing and Finishing, Haitian Development, Xiamen Yingjie, and Shanghai Yingjie. Among them, Xiamen Yingjie and Shanghai Yingjie engage in sales and are not included in the verification scope. Therefore, this verification scope is Haitian Materials and its subordinates engaged in the dyeing and finishing of Haitian textile printing and dyeing and Haitian development. Upon verification, the company basically complied with environmental verification requirements. The publicity period was from August 28 to September 6.
According to the statistics, Haitian Materials intends to apply for listing in September 2011. It plans to raise funds of RMB 310 million for investment in the “biomass and functional knitted fabric construction project†of Haitian Development Co., Ltd. At present, the project has been approved by the Environmental Protection Bureau of Quanzhou City Environmental Protection Bureau. The company’s listed counseling announcement disclosed at the beginning of March showed that the major shareholders of Haitian Materials are Fujian Haitian Textile Co., Ltd., Wang Qiming and Lin Zebin.
The verification report shows that Haitian Materials is mainly engaged in the research and development of PTT polymers, textile fibers, yarns, fabrics and garments. After more than ten years of development, Haitian Materials has now become a high-tech textile group that integrates R&D of textile fabrics, textiles and garment production, commerce and investment, and an integrated industrial chain. Currently, CoolDry sports and leisure series and Corntec green series have been formed. The six major series of products, the production of fabric products is in line with the United States AATCC, Japan JIS, the European Community OEKO-TexStan-dard100 and other international advanced standards.
It is worth mentioning that Haitian Materials has established cooperative relations with the National Textile Product Development Center, Australian Wool Bureau, Hengli Group, and listed companies Yizheng Chemical Fiber, Zhejiang Longsheng (600352), and Demei Chemical (002054) to strengthen the industry. Integrate upstream and downstream links to enhance product design and innovation capabilities.
It is reported that Haitian Material formerly known as Quanzhou Haitian Textile Co., Ltd. was established in April 1994, December 31, 2008 restructuring and changed its name to Quanzhou Haitian Material Technology Co., Ltd., registered capital of 131 million yuan. The company has been awarded "National Torch Plan Key High-tech Enterprise", "National Knit Weft Production Base", "Postdoctoral Scientific Research Workstation" and other honors. From 2008 to 2010, the company has been ranked among the top 10 in the competitiveness of the Chinese knitting industry and the top 500 in the competitiveness of the Chinese textile and apparel industry for three consecutive years.
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