Keyuan Petrochemicals, www.keyuanpetrochemicals.com – one of China’s leading petrochemical producers (via Ningbo-based, wholly-owned subsidiary, Keyuan Plastics, Co. Ltd.), is proud to announce approval to list its stock on the NASDAQ Capital Market effective Sept. 15. Until then, the Company will continue trading under the KYNP symbol.
The Listing Qualifications Department for NASDAQ approved the upgrade, and the Company has even been invited to preside over the Closing Bell Ceremony in New York on Sept. 16 at the NASDAQ Exchange’s MarketSite (access available online via the MarketSite Tower webcam).
Chairman and CEO of Keyuan, Chungfeng Tao, pointed to the benefits for investors by uplisting to the NASDAQ, such as improved financial market position, increased trading liquidity, and exposure for the Company, as well as awareness about Keyuan’s amazing growth potential.
Keyuan’s robust operating performance and solid finances accentuate the leading market position the Company has developed as a preeminent, independent producer of petrochemical products in China.
A 550k MT petrochemical output, full storage/loading facilities, and revolutionary manufacturing capabilities which enable low material costs while generating exceptional yields and utilization position Keyuan exceptionally well amid China’s ever growing energy resources demand.
Plans to add an SBS production facility at the existing cite in Ningbo, in addition to increased storage capability, an asphalt production facility, and a raw material pre-treatment facility, is also in development as Keyuan seeks to exploit its strong position through strategic growth which will translate into return on investment for the Company’s shareholders.
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