China Gengsheng Minerals, Inc., a leading developer and manufacturer of a broad range of high-tech industrial material products, including monolithic refractories, industrial ceramics, fracture proppants, and fine-precision abrasives, recently announced that the company has received approval to list its common stock on NYSE Amex. China Gengsheng Minerals, Inc. began trading on the NYSE Amex exchange today, March 4, 2010 under the ticker symbol “CHGS.”
Mr. Shunqing Zhang, chairman and chief executive officer of China Gengsheng Minerals, stated, “We are excited to be moving onto NYSE Amex as this opens a new chapter in our 25-year corporate history. As a leading industrial materials company, China Gengsheng Minerals has successfully developed new products to help oil and steel producers improve efficiency and conserve resources. The transition to NYSE Amex enables China Gengsheng to gain more visibility among institutional investors, and to strengthen our investor base.” Mr. Zhang added, “As we continue to progress in our corporate objectives, we will further enhance our corporate governance structure, strengthen internal control, and meanwhile focus on new products development and sales expansion to achieve continued growth and maximize value for our shareholders.”
China Gengsheng Minerals, Inc. is a China-based high-tech industrial materials products company specializing in producing products capable of withstanding high temperatures in order to save energy and boost productivity in the steel and oil industries. Founded in 1986 and based in China’s Henan province, China Gengsheng Minerals currently has more than 200 customers in the iron, steel, oil, glass, cement, aluminum and chemical businesses located in China and 11 other countries.