BEIJING, Nov. 21, 2016 /PRNewswire/ -- On Nov. 19, Wang Zhengyu, Chairman and Chief Executive of Tantech Holdings Ltd. (NASDAQ: TANH) ("Tantech" or the "Company"), a leading manufacturer of bamboo charcoal products, attended the 2016 China Concepts Stock Renaissance Forum (the "Forum") in Beijing. The forum was jointly organized People.cn, the online edition of People's Daily and Meimei Securities, owner of U.S. broker Whitewood Group.
At the forum, enterprise leaders and investors shared their opinions about how to bring backstock value and restore investor confidence, as well as their understanding about the U.S. securities regulations. Peng Su, chief representative of New York Stock Exchange (NYSE) Beijing Office, delivered a keynote address on Investment Logic and Prospect of China Concepts Stock.
Speaking the forum, Mr. Wang said that most of overseas-listed Chinese companies are undervalued and their stock prices are far short of the companies' real value. The low valuation calls for the need of value return. Many listed Chinese enterprises, such as Tantech, are small businesses, and they have huge potential to grow assets and improve profits. As the U.S. regulations over M&As are more friendly than the Chinese counterparts, it brings a good opportunity for those who are looking at acquisitions. The regulations, along with the changing global economy and China's supportive guidelines for various industries, will help Chinese companies grow bigger and stronger quickly.
As a leading manufacturer of low-carbon household articles in China, Tantech has been committed to the business philosophy of "low carbon and environmental protection". By taking over Suzhou E-Motors Bus Co., a maker of electric vehicles for special needs, Tantech has diversified into the new energy automotive sector.
In the future the company will pursue a strategy of "walking on two legs". On one hand it will seek fresh distribution channels and platforms for our charcoal products' business to strengthen its leading position in the industry. Meanwhile, it will continue to look for merger targets with high quality in the alternative energy vehicle sector to consolidate its EDLC carbon business with new energy batteries and cars. By pursuing the strategy, Tantech aims to boost its revenue above 1 billion yuan in the near future.
About Tantech Holdings Ltd.
Established in 2001 and headquartered in Lishui City, Zhejiang Province, China, Tantech Holdings
Ltd. ("Tantech" or the "Company"), together with its subsidiaries, develops and manufactures
bamboo-based charcoal products, including a variety of branded consumer products and electric
double-layer capacitor ("EDLC") carbon products for industrial energy applications. The Company
is in the process of acquiring 100% interest in Suzhou E Motors Co., Ltd., a specialty electric
vehicles and power batteries manufacturer based in Zhangjiagang City, Jiangsu Province, and aims
to transform itself from a bamboo-based charcoal products producer to a vertically integrated
company along the EDLC Carbon –power battery – specialty new energy vehicle value chain.
For more information about Tantech, please visit: http://www.tantech.cn/en/index.asp.
This news release contains forward-looking statements as defined by the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying assumptions and
other statements that are other than statements of historical facts. These statements are
subject to uncertainties and risks including, but not limited to, product and service demand
and acceptance, changes in technology, economic conditions, the impact of competition and
pricing, government regulations, and other risks contained in reports filed by the company
with the Securities and Exchange Commission. All such forward-looking statements, whether
written or oral, and whether made by or on behalf of the Company, are expressly qualified
by this cautionary statement and any other cautionary statements which may accompany the
forward-looking statements. In addition, the Company disclaims any obligation to update any
forward-looking statements to reflect events or circumstances after the date hereof.
For more information, please contact:
Tantech Holdings Ltd.
Ms. Ye Ren
SOURCE Tantech Holdings Ltd.