DANYANG, China, Oct. 5 /PRNewswire-Asia/ -- Lihua International, Inc., (Nasdaq: LIWA) ("Lihua" or the "Company"), a leading Chinese producer of superfine and magnet wire, today announced that it has retained The Piacente Group, Inc. ("TPG"), a full service investor relations consulting firm based in New York and Beijing. TPG will assist Lihua in implementing investor communications and Wall Street outreach programs aimed at making new connections in the financial community for the Company.
As of Monday, September 28, 2009, Lihua was ranked the No. 1 performing IPO in 2009 with a 136.5% increase in stock price since its $4.00 IPO pricing on September 3, 2009.
"As we make the transition to a public Company and enter the next phase of Lihua's growth and expansion, we recognize the importance of effective, proactive communication with the investment community both in the U.S. and China," said Jianhua Zhu, Chairman and Chief Executive Officer of Lihua. "TPG's strong relationships on Wall Street and wealth of experience supporting the communications efforts of China-based companies listed on U.S. stock exchanges make TPG an ideal partner. We look forward to working with our dedicated TPG team as we move ahead."
Brandi Piacente, President of TPG, added, "We are delighted to represent Lihua on the heels of their successful IPO. As one of the fastest growing companies in China, Lihua offers an exciting and compelling investment story with a strong track record of revenue and earnings growth, industry leading products and a proven management team. We look forward to helping Lihua communicate their strong value proposition and supporting management in their efforts to build shareholder value as the Company continues to grow its business."
About Lihua International, Inc.
Lihua International, through its two wholly-owned subsidiaries, Lihua Electron and Lihua Copper, is a leading value-added manufacturer of copper replacement products for China's rapidly growing magnet and fine wire market. Lihua is one of the first vertically integrated companies in China to develop, design, manufacture, market and distribute lower cost, high quality, alternatives to pure copper magnet wire. Lihua's products include copper-clad aluminum wire ("CCA") and recycled scrap copper wire and are sold in China either directly to manufacturers or through distributors in the wire and cable industries and manufacturers in the consumer electronics, white goods, automotive, utility, telecommunications and specialty cable industries. Lihua's corporate and manufacturing headquarters are located in the heart of China's copper industry in Danyang, Jiangsu Province. http://www.lihuaintl.com
