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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gts Chemical | LSE:GTS | London | Ordinary Share | JE00BKX4SF95 | ORD GBP0.01 |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 48.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMGTS
RNS Number : 5602T
GTS Chemical Holdings PLC
20 July 2015
20 July 2015
GTS Chemical Holdings plc
("GTS" or the "Company" or the "Group")
Result of AGM
GTS Chemical Holdings plc, the specialty chemicals producer and China's largest producer of ammonium sulfite, announces that at the annual general meeting held today, all resolutions put to shareholders were duly passed.
Enquiries:
Hot Features
Premium
GTS Chemical Holdings plc
Mr Roy Su, CFO Tel: +86 159 5935 8899
www.gtschemical.com
SP Angel Corporate Finance Tel: +44 (0) 20 3470 0470
LLP
Nominated Adviser and Broker
David Facey / Stuart Gledhill
Yellow Jersey PR Limited Tel: +44 (0) 7738 076
304
Dominic Barretto / Alistair
de Kare-Silver
About GTS Chemical Holdings plc
GTS manufactures specialty chemicals for the paper and chemicals industry. The Group is the largest Chinese producer of ammonium sulfite, a chemical used to manufacture paper from straw. GTS has also a rapidly growing lubricant oil division, which services the automotive and industrial markets. Trading in recarburizer is its third division, which accounts for less than 10% of Group revenue.
The Group is located in Shandong Province, one of the largest provinces in China, ranked by GDP, and an area rich in downstream industries. GTS' location also means it is close to several chemical plants and paper factories, which gives it a distinct advantage over its competitors.
The Company is exposed to structural growth in the paper industry and chemicals sector, and market research estimates that from 2014 to 2020, China's demand for ammonium sulfite, led by the paper industry, is set to grow at an annual compound growth rate of 12%. GTS stands to gain from the Chinese Government's support of the non-wood paper industry and its drive to restructure the lubricant oil market through increased regulation and higher standards, which favour the more modern producer.
The Group has a history of strong profit growth and consistently high operating margins.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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