CXDC

Specialty chemicals producer China XD Plastics delivered strong 1H18 operating results with volume +11% and net income +14% The company remains over 80% cheaper than China-listed peers Liquidity is adequate, but it would be prudent to raise equity at a reasonable price to support growth plans The proposed issuance of shares in the Chinese operating … Continue reading China XD Plastics 1H Review & The New Deal is Worse Than The Old Deal

The Consortium Agreement between China XD's Chairman Jie Han and Morgan Stanley Private Equity Asia (MSPEA) appears to have expired in August 2017. Expiration of the agreement means that Chairman Han is no longer bound by its exclusivity provision and is free to negotiate possible alternative transactions with parties other than MSPEA. China XD Plastics … Continue reading Expiration of the China XD Plastics Privatization Consortium Agreement Creates New Opportunities

Specialty chemicals producer China XD Plastics delivered strong operating performance in 2017 with volume +14% and net income +0% in line with guidance The company remains over 80% cheaper than comparable China-listed companies Rapid capacity expansion is on track to serve growing end markets (bio-plastics and 3D printing materials) US Tax changes imposed an unexpected … Continue reading China XD Plastics 2017 Review & It’s time to give up on the unfair buyout offer

China XD Plastics (CXDC) recently reported 2Q17 operating results and progress on major strategic initiatives: 1H17 net income of $38mm ($0.58/share) and reaffirmed full-year guidance 81% of 1H17 revenues from premium products and rapid sales growth in areas served by the new Nanchong plant Major growth initiatives underway in Nanchong, Harbin, and Dubai with strong … Continue reading China XD Plastics Midyear Update and No News is Good News Regarding the Unfair Buyout Offer

This article will review information released since March 9 about Xinda's previously undisclosed Sichuan expansion plan (originally described here: CXDC Receives An Unfair Buyout Offer When It Is Over 80% Cheaper Than Comparable China-Listed Companies). On December 12 2016 Xinda signed a contract with the Nanchong City government covering a major expansion of Xinda's Nanchong production facility … Continue reading New Disclosures by China XD Plastics about its Sichuan Plant Expansion

China XD Plastics' CEO recently offered to buy all publicly held shares for $5.21, a small premium to their recent market price, but well below their fair value. The company is poised to report record sales and profits in 2017 as new plants in Nanchong and Dubai enter commercial production. The company has not disclosed … Continue reading CXDC Receives An Unfair Buyout Offer When It Is Over 80% Cheaper Than Comparable China-Listed Companies