China Gengsheng Minerals, Inc., a materials technology company working in China and making its business through the BVI-registered Gengsheng International Corporation and its wholly-owned Chinese subsidiaries, announced that one of them, Henan Gengsheng Refractories Co., Ltd., was granted the AAA credit rating by the Zhengzhou Enterprise Creditworthiness Evaluation Committee in Henan Province. The rating was approved by the Committee after reviews conducted by several municipal-level bureaus. So, the company is among the highest credit-rated enterprises in the region, where totally 16 received the AAA rating, 11 received AA, and 1 received A.
Chairman and CEO of the company, Mr. Shunqing Zhang, was granted the separate title of “Gongyi City’s Most Influential Person in the 30 Years of Opening & Reform” by the city of Gongyi in Henan Province, for stimulating the rapid growth of Gongyi’s economy and setting excellent examples of taking social responsibilities.
Also, on January 7 it was announced by China Gengsheng Minerals that its subsidiary Henan Gengsheng Refractories Co., Ltd. signed a $2.9 million short-term loan agreement with Zhengzhou City branch of the Industrial and Commercial Bank of China. This loan adds to $3.54 million contract with American distributor, signed by China Gengsheng Minerals last month.