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Nano Chem Tech Inc. updates subsidiary establishment plan

Sunday, 29 Dec 2013 10:01pm EST 

Nano Chem Tech Inc:Says updated its plan of establishing a new wholly owned subsidiary in Vietnam, which was initially announced on Aug. 14.Says the new entity will be named NANO CHEM TECH VIETNAM CO.,LTD, instead of NanoChemTech Vietnam Inc., and will be engaged in the production of conductive plastics and its complete products, processing and production of mobile phone materials, as well as development of anti-static material market.Says the company will invest $1,500,000 (1,334,844,000 won) in the establishment, instead of $2,000,000 (2,232,000,000 won), which was previously announced.Says also amended the expected transaction settlement date from Dec. 31, to Dec. 31, 2014. 

Company Quote

20.0 +0.67%
31 Oct 2014