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.
Forward-Looking Statements
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
IR Manager
+86-578-261-2869
ir@tantech.cn
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/tantech-ceo-delivers-speech-at-2016-china-concepts-stock-renaissance-forum-300366431.html
SOURCE Tantech Holdings Ltd.