On September 26, the launch ceremony of "Yunhong Green CTI", a subsidiary of Yunhong Group headquartered in Wuyin, Hubei Province, successfully changed its name and successfully acquired and restructured on NASDAQ was held in Wuhan East Lake Hotel. On the same day, Jim Rogers, a famous American investor, financial giant and one of the founders of Quantum Fund, made a special trip to the meeting, and also signed a memorandum with Yunhong Group to launch the establishment of a $10 billion "China Racetrack · International Private Equity Fund" for the world, investing in Chinese enterprises with investment value represented by "Yunhong Green CTI".
Previously, on September 25, North American time, Yunhong Green CTI (stock code YHGJ) held a rebranding ceremony at NASDAQ headquarters, which marked the successful renaming of Yunhong Green CTI under the Yunhong Group and the successful merger and reorganization, adding 2 billion shares of registered capital, opening a new milestone in the field of full biodegradable materials.
At the launch ceremony in Wuhan, Xing Zhixin, general manager of Yunhong Group, introduced: After the successful merger and reorganization, "Yunhong Green CTI" will continue to deepen the field of green environmental protection and focus on technological innovation in the field of environmental protection, so as to comprehensively promote the rise of environmental protection products in the international market, especially the complete independent intellectual property rights of the acquired Yunhong Environmental Protection Technology Company in the research and development of biodegradable materials technology. It will help the industrialization and cluster development of biodegradable materials in capital layout. In the future, Yunhong Green CTI will also use its technical accumulation and experience in the field of environmentally friendly materials to get involved in the field of medical devices and auto parts, thereby improving the company's strategic ecological position in the global field of environmentally friendly materials.
Li Yubao, chairman of the Board of Directors of Yunhong Group, said that the group will establish a green environmental protection industrial park on a global scale, open a new pattern of green, ecological and sustainable industrial development, and "Yunhong Green CTI" will deeply cultivate the field of green environmental protection, and make positive contributions to the innovation of environmental protection technology and global environmental protection governance.
It is reported that the Yunhong Environmental Protection Technology company acquired by "Yunhong Green CTI" plans to gradually put into production line of fully degradable materials in the next five years, and the annual output is expected to reach 2 million tons. This production plan will double the domestic production capacity of similar materials and is expected to become one of the world's largest producers of fully degradable materials. Forecasts show that in the first year after successful production, the company could have revenues of Rmb13bn and net profits of Rmb4bn, pushing its valuation to Rmb240bn. As of a few days ago, six fund management companies including Sequoia Capital have signed a series of cooperation agreements with Yunhong Group and its affiliates on the environmental protection industry.
Han Fuling, professor and doctoral supervisor of the School of Finance of Central University of Finance and Economics, and Lv Pingbo, a famous financial commentator, attended the event and analyzed the operation mode of "Yunhong Green CTI" and "counterattack" NASDAQ capital market from multiple angles, as well as the application of biodegradable materials and the development direction of green industry. At the same time, it will provide intelligent support for the future development of green industries.
Jim Rogers, a famous American investor, financial giant and one of the founders of Quantum Fund, attended the launch ceremony. He and the participating experts and scholars exchanged and discussed hot topics such as "innovation of environmental protection technology and global environmental governance", jointly interpreted the typical cases of private enterprises in implementing the national revitalization of the real economy, developing the private economy, and promoting rural revitalization, and shared the new path, new experience and new achievements of building a modern real industrial system led by digital development. Subsequently, Jim Rogers also signed a memorandum of cooperation with Li Yubao, chairman of the Board of Directors of Yunhong Group, and decided to launch a $10 billion "China Track · International Private Equity Fund" globally to invest in "Yunhong Green CTI" and the growth enterprises on the track mentioned by Mr. Jim Rogers in "China Track".