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11/09/09 5:06 PM
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11/09/09 10:52 AM

Guanwei Recycling Corp. (fka GURC) RSS Feed

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MDHO Order of events (this is not the present structure): A/S 500,000,000 O/S 20,717,183 Common, 10,000,000 Preferred none issued or o/s F/S, A/S 500,000,000 O/S 72,510,141 MDHO issued 12,000,000 to Chenxin Marshall Davis owned 65,625,000 shares or 90.50% MDHO Marshall Davis delivered 64,510,540 shares of MDHO for cancellation MDHO delivered O/S to Davis of MD Mortgage Corp., a subsidiary Davis now owns 1,114,860 shares MDHO or 5.6% Current Structure: Fully reporting, current with SEC A/S 500,000,000 O/S 20,000,001 Shares Marshall Davis 1,114,860 Shares Fresh Generation Overseas Limited, et. al., PRC 12,000,000 Shares (Guanwei) Float 6,885,141 Shares About Guanwei US $6,003,535 on deposit in China Bank Guanwei currently has 600 full-time employees working in the workshops, and 20 employees in management positions. Guanwei does not currently have plans to develop new products because the demand for LDPE plastic grains already exceeds our manufacturing capabilities. Guanwei is in the process of improving its processes by testing the addition of Ethylene-Propylene-Diene Monomer (EPDM), a cleaning solvent, during the smashing and cleaning stage in order to improve the cleanliness of the end product and Guanwei’s production margins. All of Guanwei’s customers pre-pay for the products they purchase and the price includes all all shipping and transportation costs. Guanwei sells its products directly to end-users of the plastic grains, many of whom contact Guanwei directly for pricing quotes. The Company does not advertise or promote its products heavily, as the demand for the products currently exceeds supply. Guanwei currently manufactures a number of recycled plastics products made from LDPE, and is the largest manufacturer of recycled LDPE in China. Current with Pinksheet.com In the near future, the Company intends to change its corporate name from “MD Holdings Corp.” to “Guanwei Recycling Corp.”
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