Under the proposed terms, the Beijing Institute will assist Versarien with the establishment of a wholly-owned Chinese subsidiary focused on the manufacture of graphene and other 2D materials. Specifically, the Institute would provide … While London South East do their best to maintain the high quality of the information displayed on this site, we cannot be held responsible for any loss due to incorrect information found here. Reports and presentations. No stranger to partnerships in the world's heartland of manufacturing that is China, the Cheltenham-based engineering firm has revealed its latest win. In 2018 the China Bureau hosted delegations from Shandong in both Bristol and Bath, which helped lay the foundations for a deal in which Cheltenham-based advanced engineering materials group Versarien opened a factory in Shandong. Versarien Inks China Materials Joint Venture Deal With Young-Graphene. Cheltenham-based Versarien plc signed a Memorandum of Understanding with the Jinan High Tech Financial Investment Fund for a joint venture to manufacture the UK … Active Energy Group (LSE:AEG) CEO Michael Rowan talked to London South East after raising 7 million pounds in an over subscribed placing. The joint venture is to have exclusive use of Versarien's technologies in China, while Versarien keeps the rights to its existing technologies and intellectual property with newly developed IP being retained by the joint venture or end users. A deal in China could be the catalyst that wakes up the Versarien share price, but the environment is not getting any easier for the group. Its past six months have been characterised by a series of agreements, mostly with Chinese entities, in a bid to develop, produce and sell graphene in the country. Versarien Plc: LSE:VRS: London: Ordinary Share: GB00B8YZTJ80: ORD 1P Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade -2.78-5.65%: 46.325: 45.75: 46.90: 49.00: 45.05: 49.00: 1,214,652: 16:35:26: Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m) Industrial Engineering : 8.3-4.7-2.7-87: Versarien … Beijing Versarien Technology Limited is the wholly owned Chinese foreign entity that will form the base for expansion activities in China. Notably, in March, the firm established a new corporate entity to contain its operations in the … Graphene is a highly conductive, incredibly strong, two-dimensional material made of carbon. Read more. The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates. George Magnus, a … Versarien Chief Executive Neill Ricketts said: "Despite the impact of Covid-19 around the world, the company has been able to continue to make progress on executing its strategy in China, as illustrated with the confirmation of this joint venture agreement. Versarien Inks Deal With Beijing Institute For Proposed Cooperation LONDON (Alliance News) - Versarien PLC on Monday said it signed a term sheet with Beijing ... Alliance News 15 April, 2019 | … The MOU with Tunghsu Optoelectronic covers the intended areas of cooperation between the parties, which include: Jointly developing graphene-related projects … Click here to register. Versarien Inks China Materials Joint Venture Deal With Young-Graphene. London South East does not authorise or approve this content, and reserves the right to remove items at its discretion. Gnanomat S.L. monthly and annualsubscriptions available. Learn more about the Group: Executive team. Alongside its progress in China, Versarien has also been stepping up its US activity. Rarely a month goes by when the Cheltenham-based business does not report on the continued growth of its list of partnerships, relationships and … Click here to register. In 2018 the China Bureau received delegations from Shandong in both Bristol and Bath which helped lay the foundations for a deal which saw a major UK manufacturer open a factory in Shandong. In 2000 Mark Jacob, a student released a hoax press release on a newswire falsely stating that the chief … The joint venture is to have exclusive use of Versarien's technologies in China, while Versarien keeps the rights to its existing technologies and intellectual property with newly developed IP being retained by the joint venture or end users. It is ranked 151st in the Fortune Global 500 list as of 2019, and has over 100 subsidiaries, 27 listed companies and 500,000 employees across the globe. Versarien's Beijing Versarien Technology Co Ltd wholly owned foreign enterprise will become the joint venture company. On 15 April 2019, the Company announced that it had signed a term sheet with the Beijing Institute of Graphene Technology Co. Ltd (“BIGT”) covering the proposed cooperation between the parties to develop Versarien’s graphene … All information is provided free of charge, 'as-is', and you use it at your own risk. Moreover, if Young-Grapehe does not procure a definitive agreement for the first Versarien subscription by June 2020 then Versarien will, again, be able to acquire the remainder of Beijing Versarien Technology for CNY10. With regards to a reference made by Neill Ricketts, CEO of the Company, on 8 August 2019, on Twitter, that the … Versarien plc (AIM: VRS), the advanced materials engineering group, is pleased to provide an update on its progress in China, previously announced on 15 April 2019 and referenced in more recent Company announcements including those on 9 August 2019, 24 September 2019, 12 December 2019 and 25 February 2020. All Rights Reserved. It looks set to secure funding elsewhere. Copyright 2020 Alliance News Limited. It hopes to complete the deal before its annual general meeting in September. History. Versarien has announced the signing of a Memorandum of Understanding with Tunghsu Optoelectronic Technology, covering cooperation between the parties, particularly focused on graphene industrialization.. Versarien has announced the signing of a Letter of Intent (LOI) to establish a graphene manufacturing center in China.. Here is a section: Some said the deal was premature and could come at the cost of a reboot of the transatlantic alliance Biden has set as a priority in his multilateral approach to countering China. UK-based advanced materials engineering company Versarien and partners in China have struck a deal to build the graphene factory in Jinan, in East China's Shandong province. Active Energy Group (LSE:AEG) CEO Michael Rowan talked to London South East after raising 7 million pounds in an over subscribed placing. 9. vrsinvestor. Read more. ", By Anna Farley; annafarley@alliancenews.com. The Aviation Industry Corporation of China (AVIC) is a Chinese state-owned aerospace and defense conglomerate headquartered in Beijing. Beijing Versarien Technology Limited is the wholly owned Chinese foreign entity that will form the base for expansion activities in China. View the full video here. An overview of Versarien's first commercialized product, Versarien Cu. The material was only recently discovered, and engineers around the world are looking into a range of … As highlighted in our February 2020 update, discussions are continuing to facilitate an equity investment in Versarien. The agreement with the state-backed entity, founded in 2017, covers a proposed collaboration to develop Versarien’s graphene operations in China. Shares in Versarien were up 59% at 46.80 pence in London on Wednesday afternoon. Don't have an account? The Chinese joint venture will be 50% owned by Versarien and Young-Graphene with CNY1 million, around GP121,000 of investment put in by each partner over the next 12 months provided certain milestones are met. Versarien's Beijing Versarien Technology Co Ltd wholly owned foreign enterprise will become the joint venture company. Shares in Versarien were up 59% at 46.80 pence in London on Wednesday afternoon. American dream. Deal with one of world’s biggest computer screen makers revealed An engineering firm from Gloucestershire has moved a step closer to doing business with one of the world’s biggest mobile phone and computer screen manufacturers. Versarien Inks China Materials Joint Venture Deal With Young-Graphene; Versarien Inks China Materials Joint Venture Deal With Young-Graphene. Posted by evergreen8 on ADVFN, 14 Feb 2020, #94800 In the so called western economies our capacity for change is hindered by the vested i... 96 views 2 comments. With regards to a reference made by Neill Ricketts, CEO of the Company, on 8 August 2019, on Twitter, that the Company had another Chinese investor who was interested in up to 29.9% of the Company, the … Versarien Inks China Materials Joint Venture Deal With Young-Graphene ien PLC on Wednesday said it has signed a joint venture agreement with Young-Graphene (Beijing) Technology Co Ltd … monthly and annualsubscriptions available. View the full video here. If Versarien does not receive CNY35 million of income under the agreement within 24 months of the joint venture business licence's issue, it is entitles to buy Young-Graphene's entire equity interest in Beijing Versarien Technology at a nominal price of CNY10. Versarien Chief Executive Neill Ricketts said: "Despite the impact of Covid-19 around the world, the company has been able to continue to make progress on executing its strategy in China, as illustrated with the confirmation of this joint venture agreement. … Versarien acquires IP and assets from Hanwha Aerospace 22 December 2020 08:02 Versarien wins £1.95m development deal with MoD laboratory ", By Anna Farley; annafarley@alliancenews.com. If Versarien does not receive CNY35 million of income under the agreement within 24 months of the joint venture business licence's issue, it is entitles to buy Young-Graphene's entire equity interest in Beijing Versarien Technology at a nominal price of CNY10. London South East does not authorise or approve this content, and reserves the right to remove items at its discretion. Half the funds of these subscriptions will go towards the joint venture. Datafeed and UK data supplied by NBTrader and Digital Look. Meet the Board and the senior management team. Don't have an account? The agreement includes and is contingent on a commitment by Young-Graphene to procure subscriptions for 15% of Versarien's shares from third parties in thee tranches. The non-binding LOI has been entered into by Versarien together with the Shandong Institute of Industrial Technology Fund, Jinan Qing Na Material Technology and Jinan Innovation Zone Administrative Committee with the view to establishing the “China … Renewables firm Active Energy go for growth as they raise £7M and restructure bonds. Half-year figures from Versarien (VRS) reveal revenue growth and marginal loss-cutting at at time of rapid expansion for the graphene specialist. (Alliance News) - Versarien PLC on Wednesday said it has signed a joint venture agreement with Young-Graphene (Beijing) Technology Co Ltd for development of Versarien's materials technologies in China. Datafeed and UK data supplied by NBTrader and Digital Look. Manage your personalised Watchlist.Set up an online Virtual Portfolio.Participate in Share Chat.See more trades and director dealings.Play the Fantasy Share Trading Game. China still open to major deal with Gloucestershire firm Even in these desperately trying times a Gloucestershire-based business has been able to secure a potentially lucrative deal with China. Versarien PLC (LON:VRS), the advanced materials engineering group, today provided an update and clarification on its plans for expansion into China. Manage your personalised Watchlist.Set up an online Virtual Portfolio.Participate in Share Chat.See more trades and director dealings.Play the Fantasy Share Trading Game. Versarien PLC (LON:VRS), ... and its shareholders and consequently the Company has been working with several parties to secure the most appropriate deal in China. With our newsletters and social media channels. Copyright 2020 Alliance News Limited. DIRECTOR DEALINGS: AJ Bell, Draper Espirit And Versarien Execs Sell, Versarien Interim Loss Widens But Excited To Start Sale Of Face Masks, LONDON AIM WINNERS & LOSERS: Quadrise Rises After MSC Agreement, UK EXECUTIVE CHANGE SUMMARY: Premier Oil And DP Poland Board Changes. China-EU investment deal: who’s the real winner after seven years of negotiations? Versarien Plc (LON:VRS) CEO Neill Ricketts chats with DirectorsTalk about its unaudited results for the year ended 31 March 2018 in which it saw group revenues increased… Versarien Plc From 1 deal in China to 24 within weeks on Vimeo The Company has previously stated that any deal has to be in the best interests of it and its shareholders and consequently the Company has been working with several parties to secure the most appropriate deal in China. The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates. ‘It is also an excellent deal for shareholders, and one of the reasons we have yet to complete the transaction is that we want to do it on the most favourable terms for our investors. All Rights Reserved. Since being established on 1 April 1951 during the Korean War as the Aviation … Download current and past reports and presentations. The agreement includes and is contingent on a commitment by Young-Graphene to procure subscriptions for 15% of Versarien's shares from third parties in thee tranches. INTERVIEW: Versarien Plc From 1 deal in China to 24 within weeks Article by: Giles Arbor 20th July 2018 Versarien Plc (LON:VRS) CEO Neill Ricketts chats with DirectorsTalk about its unaudited results for the year ended 31 March 2018 in which it saw group revenues increased by 52%. With our newsletters and social media channels. China Update . The Chinese joint venture will be 50% owned by Versarien and Young-Graphene with CNY1 million, around GP121,000 of investment put in by each partner over the next 12 months provided certain milestones are met. Versarien Graphene (Hong Kong) Limited (" V G HK … AIM-listed Versarien plc, which … While London South East do their best to maintain the high quality of the information displayed on this site, we cannot be held responsible for any loss due to incorrect information found here. Moreover, if Young-Grapehe does not procure a definitive agreement for the first Versarien subscription by June 2020 then Versarien will, again, be able to acquire the remainder of Beijing Versarien Technology for CNY10. March 2019. Versarien plc (LON:VRS), the advanced materials engineering group, has today provided an update on its progress in China, previously announced on 15 April 2019 and referenced in more recent Company announcements including those on 9 August 2019, 24 September 2019, 12 December 2019 and 25 February 2020.. Versarien Graphene (Hong Kong) Limited, a wholly-owned subsidiary of Versarien … (Alliance News) - Versarien PLC on Wednesday said it has signed a joint venture agreement with Young-Graphene (Beijing) Technology Co Ltd for development of Versarien's materials technologies in China. As highlighted in our February 2020 update, discussions are continuing to facilitate an equity investment in Versarien. Versarien Graphene Inc. Versarien Graphene Inc, based in Texas, is the distribution arm for the UK’s graphene development technologies. All information is provided free of charge, 'as-is', and you use it at your own risk. Advanced materials engineering group Versarien, which operates its 2-DTech arm in Manchester, has converted its 50-50 joint venture in China into a wholly-owned entity by the UK business. Beijing Versarien Technology Limited. Versarien agrees to build China facility. Joint ventures are “the way to do business in China”, … This article from the South China Morning Post may be of interest to subscribers. October 2018. In April, Versarien signed a term sheet with the Beijing Institute of Graphene Technology, with the intention of securing support for the establishment of a Chinese subsidiary in exchange for 15 per cent of Versarien. DIRECTOR DEALINGS: AJ Bell, Draper Espirit And Versarien Execs Sell, Versarien Interim Loss Widens But Excited To Start Sale Of Face Masks, LONDON AIM WINNERS & LOSERS: Quadrise Rises After MSC Agreement, UK EXECUTIVE CHANGE SUMMARY: Premier Oil And DP Poland Board Changes. Beijing Versarien Technology Limited. Feb 11; 4 min; The Dark Side of Short-Selling. Versarien Inks China Materials Joint Venture Deal With Young-Graphene; Versarien Inks China Materials Joint Venture Deal With Young-Graphene. Versarien at Golden Point Of Investor Opportunity. 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