Share Price.com
Market Update Economic Events Directors Deals Commodities Prices News Market Movers

Versarien progresses plan for graphene JV in China

Monday, 19th November 2018
Advanced materials engineering group Versarien said it had entered into an early-state and non-binding agreement with Jinan High-Tech Financial Investment related to a plan to to establish a manufacturing centre in Shandong province, China.

The memorandum of understanding covered plans to establish a joint venture for the manufacture and sale of Versarien's graphene products in Jinan.

Subject to the satisfactory completion of negotiations, it was envisaged that Jinan High-Tech would provide funding for the venture 'in a structure to be agreed'.

'We are very pleased to be making progress in establishing a Chinese graphene manufacturing base for Versarien in Jinan and I am very grateful for the significant support we are continuing to receive from both Chinese governmental and industrial parties,' chief executive Neill Ricketts said.

'Before entering into this MOU JHFI have undertaken significant analysis of our graphene products and we are delighted to note that they consider them to be world leading.'

'It is not intended that this will be our sole base in China, as the Chinese opportunity is so large, but our planned venture in Jinan is intended to form the centre of the 'Qilu Graphene Valley' and pave the way to Versarien establishing a world class base in the Asian region.'






Story provided by StockMarketWire.com

Related Shares: Versarien

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.