SINGAPORE, Sept. 21 /PRNewswire/ -- Mr. Paw Yew Hock, the newly appointed Interim CEO of China Agro-Technology Holdings Ltd. (formerly Yanti Dahua Holdings Company Ltd.)("China Agro") announced today the reorganization of the Company in order to better meet the growth trends of the global agricultural and biotech marketplaces.
Mr. Paw noted that "China Agro has now embarked on a transition period. The Company has put in place a seasoned board and management team, and is in the process of reviewing all the current business activities and developing a profitable business model to take advantages of the Company's technical know-how in agricultural biotechnology. We are currently negotiating with a leading wood treatment specialist to develop and commercialize pioneering wood treatment technologies that convert sustainably-grown softwood into a wood product with the properties of hardwood."
He added that "China Agro has reorganized into a tighter board and management, more focused strategic plan, and is directing its efforts to acquire and move back into the international market place with a product and technology base that matches the capability, experience, network and geography of the new leadership primarily in the industry it knows best, the wood and fiber industry."
The industry in front of China Agro is a high growth worldwide industry, and will provide China Agro with the base from which to expand its technological know-how, its licensing and distribution rights and channels, and its global product reach. Through offering a manufacturing solution that changes softwood to hardwood cost-effectively, the Company could enter into the lucrative global hardwood industry, which is a market with very high and increasing demand but a rapidly shrinking supply, due to the shortage of natural hardwoods.
The Company is led by Mr. Paw with a Board of Directors that he heads. In addition to Mr. Paw, Mr. Cheong Kum Hong serves as an Independent Director. Current Officers of the company are Mr. Paw as Interim CEO and CFO and Ms. Zhang Xiaoping as Company Secretary. They are moving quickly into the new lines of business.
Mr. Paw also announced the death of the founder and Chairman Dr. Harry He on August 5, 2009 after a long illness. "We really regret and express condolences to Dr. He's family, and all of the staff and advisors of Dr. He's enterprises."
The headquarters in Singapore is 229 Mountbatten Road #02-36 Mountbatten Square Singapore 398007. They can be reached at (65) 6484 2622, Facsimile number is (65) 6484 4368. The auditor is Loke Lum & Partners of Singapore, and Greg Wilson is their corporate SEC attorney.
|SOURCE China Agro-Technology Holdings Ltd.|
Copyright©2009 PR Newswire.
All rights reserved