DALIAN, China, Jan. 5 /PRNewswire-Asia/ -- Dalian Dingjin General Equipment Fabrication Co., Ltd (hereafter referred to as "Dalian Dingjin") sponsored by China YiBai United Guarantee International Holding Inc. (Pink Sheets: CBGH), together with four enterprises in other provinces, is formally listed and ready for transactions on the Tianjin Equity Exchange on Dec 25th, 2009, which is the first anniversary of the Tianjin Equity Exchange. Dalian Dingjin is Liaoning's first company listed on the Tianjin Equity Exchange.
The financing raised in the first stage has solved the financing bottleneck problem of Dalian Dingjin. Lili, the CEO of China YiBai said, "China YiBai holds the qualifications of a market-maker and sponsor in the Tianjin Equity Exchange. The Tianjin Equity Exchange has established a small-amount, multiple-instance and low-cost PE financing mode on the basis of commerce credit. Presently, China YiBai owns many suppliers of SMEs that will be sponsored on the Tianjin Equity Exchange in the following year."
About China YiBai United Guarantee International Holding Inc.
China YiBai United Guarantee International Holding Inc. (hereafter referred to as "China YiBai"), is a financial company specializing in providing financial services for Chinese small business. IG Finance Inc., together with China Dragon International Investment (HK) Co., Ltd. is the overseas subsidiary of China YiBai. Dalian YiBai Small & Medium Enterprises Guarantee Co., Ltd. (hereafter referred to as "Dalian YiBai"), is the Chinese subsidiary and main body of operation. Dalian YiBai is engaged in providing value added services for Chinese small business including equity mortgage guarantee and loan services, financial consulting, design of listing and merger plans as well as core competitiveness. Combining the professional services of consultancy firms, accounting firms, law firms and securities traders, Dalian YiBai works with investment institutions in providing thoughtful and considerate services to enterprises to fulfill their share capital increasing and second financing needs. Recently, Dalian YiBai acquired the qualification of a sponsor and market-maker from the Tianjin Equity Exchange and is now specialized in financial services for non-listed enterprises. For additional information, please visit http://www.yibaichina.com .
About Dalian Dingjin
Dalian Dingjin General Equipment Fabrication Co., Ltd is a manufacturer in the special equipment industry. At present, 70% of large Pressure-vessel Heads (PVH) in the world are shaped by cold spinning technology. Dalian Dingjin, a manufacturer of Pressure-vessel Heads, is especially good at cold spinning with unique cutting-edge advantages in equipment, technology and manufacture of special materials as well as processing technology in Asia Pacific region. Dingjin's equipment capability is among the top five in the world. There are three types of cold spinning equipment that can manufacture PVH with a diameter larger than or equal to 8.5m. Dalian Dingjin is the largest manufacturer specializing in large PVH in the Asia Pacific region. Moreover, Dalian Dingjin is one of the three member companies in the committee of drafting the industrial standards of Pressure-vessel Heads for Pressure Containers.
About Tianjin Equity Exchange
In March 2008, 'Reply to General Plan of Comprehensive Reform in Tianjin Binhai New Area from Chinese State Council' specifically required Tianjin to emphasize financial system reform, establish a new base for national financial reform, and speed up and enhance its capital market system and financial services in order to create an unlisted public equity exchange market in Tianjin Binhai New Area.
On May 4th, 2008, the Tianjin government officially approved the Tianjin Equity Exchange to function as the enforcement body for high-growth and non-listed enterprises' equity and PE investment funds. The Tianjin Equity Exchange will be integrated into 20 innovative programs of financial reform of the Tianjin government. National market networks characterized by sound management and high efficiency should gradually come into being through a perfected structure system and a functional development system.
