Some more info on Polyphalt to add to the heading.
In March 2000, Cheung Kong Infrastructure, CKI, made a $10,000,000 investment in Polyphalt,
buying 21,750,000 shares at a price of 45.75c each. They now own 63.5% of the company. CKI has
a market cap of over $5 billion and is part of the Hang Sang Index.
7 international patents have been issued in past 9 months.
Revenue from licensing and sales of Value Added Materials increased by 27% over the same
period in 2000 to total $2,098,987 for the first 9 months of the year. On a quarter over
quarter basis, licensing revenues increased 58% versus the prior year.
From the 2000 annual report the chairman Derek Lui said in response to the question "Why did CKI
invest in Polyphalt?". CKI had been following the progress of Polyphalt for some time and was
impressed with its large and sustainable market opportuinties in North America, China and other
international markets. We place a lot of value on Polyphalt's advanced proprietary technological base
which makes it a leader in its field. I feel that Polyphalt is very much in the right place at the right time
with the right products. |
