Tantech Holdings Ltd., (Tantech) has been successfully listed on NASDAQ
On March.24, 2015 EST, NASDAQ rang the bell for a Lishui company for the first time; Tantech has been successfully listed on NASDAQ under the symbol of “TANH”. Tantech was announced to be the 1st Chinese Concept stock listed on NASDAQ for the year of 2015.
In Company’s headquarter Lishui, a ceremony was held simultaneously. China Chief Representative of NASDAQ Group Hua Zheng Yeeli, Deputy Mayor of Lishui City Zifu Xu,representatives from government authorities, financial institutions and other business partners attended the ceremony.
Tantech has been the 3rd public companies in Lishui City after KAN Special Material and FOUNDER MOTOR, but the 1st company listed aboard.
Tantech is a leading high-tech enterprise specialized in the R&D, manufacturing and sales of bamboo charcoal products for use of biomass clean renewable energy materials and air purification products, etc. For the past years, Tantech has undertaken and completed nearly 20 national, provincial and municipal research projects. The company has also participated in the development of 3 national scientific standards, and has been selected into National Torch Projects and awarded with National Science and Technology Award. Tantech has possessed 14 patents and has registered 137 trademarks. The company has established a developed sales and logistics network.Its products are sold in supermarkets, such as Wal-Mart and Carrefour throughout China. Additionally, these products are sold internationally in all parts of the world, including the U.S., Japan, Korea, Europe, Southeast Asia and the Middle East.
On the ceremony, CEO Zhengyu Wang pointed out that being a public company would not only help the company to raise capital but also help the company to achieve industry transformation and upgrade. Being a public company would enhance the corporation management and help to bring in more talents. The net proceeds from the offering would be used to establish R&D center, increase product capacity of EDLC carbon and promotion and marketing of Charcoal Doctor products.
The experience of Tantech will be helpful to other Lishui companies to list aboard.