- Further due diligence confirms China Sciences Hengda Graphite Co Ltd (“Hengda”) is currently a profitable technology led supplier of flake graphite products.
- Hengda’s revenues in YTD 2014 have increased by 170% from the same period in 2013 as a result of re-capitalising and upgrading the plant to facilitate the growth in the lithium ion battery industry.
- Hengda supply flake graphite materials to the leading technology and electric vehicle (EV) companies in China. Some customer profiles are included in this announcement.
- The merged entity Lamboo/Hengda has the capacity to elevate the customer profiles further and generate new customers with the extra supply capacity generated from Lamboo’s flake graphite.
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