GONGYI, China, May 14, 2014 /PRNewswire/ -- China GengSheng
Minerals, Inc. (NYSE MKT: CHGS) (the "Company" or "GengSheng"), a
leading China-based high-tech
industrial materials manufacturer producing heat-resistant,
energy-efficient materials for a variety of industrial
applications, had previously announced on May 9, 2014 that it had given formal written
notice to The NYSE MKT LLC ("MKT") of its intention to voluntarily
delist its common stock from MKT. The Company was subsequently
informed by MKT that in order for its formal written notice to be
effective, it had to provide a certified copy of the Board of
Directors resolutions approving the action. The Company is
presently arranging for the said resolutions to be furnished and
will make a subsequent announcement on when the Form 25 will be
filed with the Securities and Exchange Commission ("SEC") and the
official delisting of the Company's common stock will become
effective.
About China GengSheng Minerals, Inc.
China GengSheng Minerals, Inc. ("GengSheng") develops,
manufactures and markets a broad range of high-tech industrial
material products, including monolithic refractories, industrial
ceramics, fracture proppants and fine precision abrasives. A market
leader offering customized solutions, GengSheng sells its products
primarily to the iron and steel industry as heat-resistant
components for steel-making furnaces, industrial kilns and other
high-temperature vessels to guarantee and improve the productivity
of those expensive pieces of equipment, while reducing their
consumption of energy. Founded in 1986 and based in China's Henan
province, GengSheng currently has over 300 customers in the iron,
steel, oil, glass, cement, aluminum, chemical and solar industries
located in China and other
countries. GengSheng conducts business through GengSheng
International Corporation, a British
Virgin Islands company, and its Chinese subsidiaries, which
are Henan GengSheng Refractories Co., Ltd., Zhengzhou Duesail
Fracture Proppant Co., Ltd., Henan GengSheng Micronized Powder
Materials Co., Ltd, Guizhou Southeast Prefecture GengSheng New
Materials Co., Ltd, Henan GengSheng High Temperature Materials Co.,
Ltd. and Henan Yuxing Proppant Co., Ltd.
For more information about the Company, please visit
http://www.gengsheng.com.
For more information, please contact:
China GengSheng Minerals, Inc.
Investor Relations
Mr. Shuai Zhang
ir@gengsheng.com
+86-371-6405-9846
SOURCE China GengSheng Minerals, Inc.