ShengdaTech, Inc. Receives Approval for NPCC Acquisition in Anhui Province

SHANGHAI, Nov. 4 /PRNewswire-Asia-FirstCall/ -- ShengdaTech, Inc. ("ShengdaTech" or the "Company") (Nasdaq: SDTH - News), a leading manufacturer of nano-precipitated calcium carbonate ("NPCC") in China, today announced that the Bureau of Commerce of Anhui Province, People's Republic of China ("PRC"), approved the Equity Transfer Agreement between ShengdaTech, Inc. and Anhui Chaodong Cement Co., Ltd. ("Chaodong Cement") to acquire Anhui Chaodong Nanomaterials Science and Technology Co., Ltd. ("Chaodong"). On August 29, 2009, ShengdaTech signed an Equity Transfer Agreement with Chaodong Cement to acquire 100% of the equity interest of Chaodong, including existing building, equipment, and mining rights to approximately 14.25 million tons of limestone reserves for approximately $3.8 million. Chaodong is an inactive NPCC facility with approximately 10,000 metric tons of annual NPCC production capacity in Anhui Province. The Company will not assume any liabilities of Chaodong as of the date of the acquisition.ShengdaTech will begin to obtain the business licenses and registrations that are necessary to operate Chaodong. The Company will rename Chaodong to Puxi Nanomaterials Co., Ltd. ("Puxi"). Upon receipts of these required documents, the Company will invest an additional $2.9 million in Puxi for technological upgrades at the production facility, at which time the Company will then commence the trial production. Concurrent with the upgrades, ShengdaTech plans to finalize the agreement to purchase land-use rights for approximate...
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ShengdaTech, Inc. Announces Third Quarter 2009 Results

SHANGHAI, Nov. 9 /PRNewswire-Asia-FirstCall / --ShengdaTech, Inc. ("ShengdaTech" or the "Company") (Nasdaq: SDTH - News), the leading manufacturer of nano-precipitated calcium carbonate ("NPCC") in China, today reported financial results for the third quarter ended September 30, 2009. Third Quarter 2009 Highlights -- NPCC revenue for the third quarter of 2009 was $25.4 million relatively unchanged from the third quarter of 2008 -- NPCC gross profit decreased 6.7% to $10.1 million, NPCC gross margin decreased to 39.7% from 42.3% in the third quarter of 2008 -- EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization) for the third quarter of 2009 was $9.2 million (See Table 4) -- Net income, all from NPCC, was $4.6 million, or $0.09 per diluted share -- Executive team is now based at the Company's new world headquarters in Shanghai -- New NPCC facility in Zibo, Shandong Province, commenced production of Phase I with 60,000 metric tons ("MT") in capacity -- Signed agreement to acquire Anhui Chaodong Nanomaterials Science and Technology Co., Ltd. ("Chaodong"), an inactive NPCC facility in Hanshan County, Anhui Province, with 10,000 MT of annual NPCC production capacity -- Entered into an investment agreement with the Hanshan County government to add 200,000 MT of additional production capacity to Chaodong's existing NPCC facility in several stages over the next four years Third Quarter 2009 Results...
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SHENGDATECH, INC. Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure

Show all filings for SHENGDATECH, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for SHENGDATECH, INC. 5-Nov-2009Completion of Acquisition or Disposition of Assets, Regulation FD Disclosure Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "...
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SHENGDATECH, INC. Files SEC form 10-Q, Quarterly Report

ITEM 2-MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Information Certain statements contained in this Quarterly Report on Form 10-Q are forward-looking statements concerning our business, results of operations, economic performance and financial condition based on our current expectations. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from those implied by such forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on any forward-looking statements. Overview We are a leading and fast growing Chinese manufacturer of specialty chemical additives. Our nano-precipitated calcium carbonate ("NPCC") products are used as functional additives in various products due to their special chemical and physical attributes. As a market leader of high-grade NPCC products, we use advanced processing technology to convert limestone into high quality NPCC products, which are sold to our customers in the tire, polyvinyl chloride (PVC) building materials, ink, paint, latex, adhesive, paper, and polyethylene (PE) industries. Prior to November 2008, we also manufactured, marketed, and sold coal-based chemical products, namely, ammonium bicarbonate, liquid ammonia, methanol, and melamine. We marketed and sold coal-based chemical products mainly as chemical fertilizers and raw materials for the production of organic and inorganic chemical products, including formaldehyde and pesticides. Reorganization We were organized as a Nevada corporation on May 11, 2001 under the name Zeolite Exploration Company for the purpose of acquiring, exploring, and developing mineral properties. We conducted no material operations from the date of our organization until March 2006. On March 31, 2006, we consummated a share exchange pursuant to a ...
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ShengdaTech Q3 2009 Earnings Call Transcript

ShengdaTech (SDTH) Q3 2009 Earnings Call November 10, 2009 9:00 am ET Executives Crocker Coulson - Investor Relations, CCG Xiangzhi Chen - Chief Executive Officer Andrew Chen - Chief Financial Officer Anhui Guo - Chief Operating Officer Jenny Yang - Translator, CCG Analysts John Ma - Roth Capital Analyst for Katherine Lu - Oppenheimer Ping Luo - Global Hunter Securities Presentation Operator Good day, ladies and gentlemen, and welcome to the ShengdaTech Q3 2009 earnings conference call. (Operator instructions) I would now like to turn the conference over to your host for today, Mr. Crocker Coulson. Please proceed, sir. Crocker Coulson Thank you, Operator. Good morning, ladies and gentlemen and good evening to those of you who are joining us from Asia. I am Crocker Coulson from CCG Investor Relations, the company’s investor relations firm. Joining us from China are Mr. Xiangzhi Chen, ShengdaTech's Chairman and Chief Executive Officer; Mr. Andrew Chen, the company's Chief Financial Officer; and Ms. Anhui Guo, Chief Operating Officer. Also from China and with us today is CCG's Jenny Yang, who will provide translation for your questions and answers. I'd like to remind our listeners that in this call, management's prepared remarks contain forward-looking statements which are subject to risks and uncertainties, and management may make some additional forward-looking statements in response to your questions. Therefore, the company claims the protection of the Safe Harbor for forward-looking statements that’s contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from those discussed today due to various risks, including but not limited to such fa...
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Q3 2009 ShengdaTech Inc. Earnings Release - Time Not Supplied

Earnings Announcements for Tuesday, November 10CompanySymbolTimeConferenceCallAareal Bank AGARL.FTime Not SuppliedACROSSASIA LIMITED8061.HKTime Not SuppliedADVENTRX PHARMACEUTICALS INCANXTime Not SuppliedAEROPORTO DI VENEZIA MARCO POLO SPA (SAVE)SAVE.MITime Not SuppliedAgFeed Industries, Inc.FEEDTime Not SuppliedAirMedia Group Inc.AMCNAfter Market CloseListenAKM INDUSTRIAL CO LIMITED8298.HKTime Not SuppliedAkorn, Inc.AKRXBefore Market OpenALIBABA.COM LTDALBCF.PKTime Not SuppliedListenAMB Generali Holding AGGE1.FTime Not SuppliedAmeriana BancorpASBIBefore Market OpenAmerican ApparelAPPBefore Market OpenAnthracite Capital, Inc.AHRTime Not SuppliedARKEMAAKE.PA01:30 am ETArtificial LifeALIF.OBBefore Market OpenArvinMeritor, Inc.ARMBefore Market OpenListenASIA TIGER GROUPA7...
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SHENGDATECH, INC. Financials

PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue25,376  26,314  20,672  31,776  Cost of Revenue15,295  14,928  12,185  18,101  Gross Profit10,081  11,386  8,487  13,675  Operating ExpensesResearch Development -   -   -   -  Selling General and Administrative1,968  2,035  1,672  1,319  Non Recurring -   -   -  3,931  Others -   -   -   -  Total Operating Expenses -   -   -   -  Operating Income or Loss8,112  9,351  6,815  8,424  Income from Continuing OperationsTotal Other Income/Expenses Net(99)308  1,823  9,051  Earnings Before Interest And Taxes8,013  9,659  8,638  17,475  Interest Expense2,822  2,355  2,449  2,475  Income Before Tax5,191  7,304  6,189  14,999  Income Tax Expense561  769  1,206  2,336  Minority Interest -   -   -   -  Net Income From Continuing Ops6,255  6,535  4,983  12,663  Non-recurring EventsDiscontinued Operations -   -   -   -  Extraordinary Items -   -   -   ...
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SHENGDATECH, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financ

Show all filings for SHENGDATECH, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for SHENGDATECH, INC. 13-Nov-2009Results of Operations and Financial Condition, Regulation FD Disclosure, Financ Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information p...
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