20 million yuan for a stake in Dr.

German-American chemical Industry (002054.　　SZ) today announced that the company intends to be not more than 20 million yuan by the Zhejiang Lishui da Polymer Materials Co., Ltd. (hereinafter referred to as "Dr Tatsu") part of the equity, and to the company targeted to increase capital, after the transaction, the company will hold a doctorate of 60% equity. The company intends to 10 times times the estimated net profit of the doctor to 2010 as the basis for valuation, to not more than 8.5 million Yuan doctor to 25.5% Equity, to no more than 11.5 million yuan to increase the direction of the doctor, access to a doctorate of 34.5% equity; This cooperation can make the company's enterprise management,　　Marketing experience is complementary to the technical research and development capabilities of Dr. Da. Dr. Tatsu business scope for synthetic leather and related products, leather new materials, coatings and other fine chemicals development, development, production, sales, and so on, Dr. Tatsu is also the first domestic production of synthetic leather water-based resin company, the company self-developed water-based Resin has been formed industrialization, and water-based ecological synthetic leather non-toxic,　　The quality of synthetic leather can be improved by comprehensive utilization of the excellent physical properties brought by waterborne resins.　　Ph. D from January 2010 to August achieved a net profit of 1.3368 million yuan, a significant increase from 2009, net assets from the end of 2009 1.0216 million yuan to this year's August 2.3584 million yuan.　　Company believes that because water-based resin is the state to encourage the development of environmental protection projects, high technical content, upfront investment, the market price slightly higher than the traditional solvent-based slurry, marketing short-term will be subject to certain constraints, but in view of the leather industry to energy-saving and environmental trends, the company long-term optimistic about water-based resin market and ph. Germany and the US chemical industry rose 2.45% yesterday, the report received 15.05 Yuan.