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Pan Wealt Resources, Co. Invests $18 Million in Renewable Chemical Company - Shyong, Inc. has a proprietary technology platform to produce a wide variety of renewable chemicals such as terpenes, steroids and their derivatives for several industries including flavor and fragrance, food ingredients and cosmetics - PWRCo.com
Pan Wealt Resources, Co. Invests $18 Million in Renewable Chemical Company

 

PRZOOM - /newswire/ - Shenzhen, China, 2012/08/15 - Shyong, Inc. has a proprietary technology platform to produce a wide variety of renewable chemicals such as terpenes, steroids and their derivatives for several industries including flavor and fragrance, food ingredients and cosmetics - PWRCo.com.

   
 
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Pan Wealth Resources, CO. is pleased to announce that it has invested $18 million in Shyong Inc., a Beijing based renewable specialty chemical company. With this investment, Pan Wealth entered into a share purchase and marketing agreement with Shyong Inc. to purchase 3,960, 000 common shares at $17.8 million. This will give Pan Wealth a strategic equity of 15% in Shyong Inc.’s enlarged share capital.

Shyong Inc. has a proprietary technology platform to produce a wide variety of renewable chemicals such as terpenes, steroids and their derivatives for several industries including flavor and fragrance, food ingredients and cosmetics. Most of the technologies used by Shyong Inc. are based on fermentation, allows for the creation of highly pure and renewable compounds that have previously only been available from natural resources in limited quantities.

“Our investment in Shyong Inc. will allow us to broaden our use of renewable raw materials for sustainable chemical solutions in the future and leverage our competency in investment sectors,” said Mr. Harold Squire, Senior Managing Director of Pan Wealth Resources, CO. “Shyong Inc. has demonstrated the ability to produce high-quality products at scalable commercial quantities and at a lower price point, which is one of several compelling reasons to invest in it.”

The Board of Pan Wealth Resources believes that, investment in this new sector is imperative in ensuring a successful and sustainable future. Pan Wealth (pwrco.com) is also confident that this strategic investment in Shyong Inc. will bring tremendous value to the company in near future.

 
 
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Agency / Source: Pan Wealth Resources, Co.

 
 

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Pan Wealt Resources, Co. Invests $18 Million in Renewable Chemical Company

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Contact: Whong Ng - PWRCo.com 
+86 755 8624 3676 info[.]pwrco.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Pan Wealth Resources, Co. securities in any jurisdiction including any other companies listed or named in this release.

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