ShengdaTech Outlines Plan to Acquire State-owned Chemical Company and Relocate Existing Chemical Operations
ShengdaTech Inc. (“ShengdaTech” “the Company”) (NASDAQ:SDTH) a leading manufacturer of nano precipitated calcium carbonate (NPCC) in the People’s Republic of China (PRC) and a major manufacturer of coal-based chemical products in Tai’an City, Shandong Province, PRC, today announced that it plans to acquire Jinan Fertilizer Co., Ltd., a nitrogenous fertilizer company based in Jinan, the capital of Shandong Province.