Wednesday, 1 August 2007

Hongwei Technologies

Background
Hongwei Technologies Limited (“Hongwei” or “The Group”) is principally engaged in the manufacture and sale of polyester differential fibres primarily to yarn and textile manufacturers located in the southern parts of China, mainly in Fujian Province.

Investment Merit
Developed Anti-Flammable Synthetic Cotton
Double production capacity for synthetic cotton which is high in demand
Low PE with decent dividend yield
Institutional investor participation - Tembusu Growth Fund
Diverse customer base - 600+

Risk
Sudden slow down of demand for company product

Additional Information
Business week
Tembusu Partners

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