Why did Tinci decide to become a publicly traded company?
Tinci’s business expanded rapidly during 2005 and the Directors believe this progress will continue. The recent contracts for larger power plants have, the Directors believe, increased Tinci’s credibility and profile in its market place. The Directors are looking to build upon this by tendering for and winning further large contracts both in Guangdong province and in other provinces in China . The Directors believe that additional research and development spend on the TFGD process will enable it to be utilised on larger projects and that higher margins may result from using the in-house TFGD process than would be achieved using licenced technologies. The Directors believe that the ability to present a stronger balance sheet will increase Tinci’s prospects of winning further large contracts and its financing capacity to undertake those projects. In view of the working capital requirements of large projects and the difficulty that non-state owned companies experience in raising loan fina
