GTS Chemical Holdings plc was incorporated in Jersey on 22nd January 2014. GTS’s operating subsidiary, Shandong Tiantai Steel-Plastic Co., Ltd was incorporated in China on 16 March 2005 as a limited liability company.
The group structure on admission to AIM will be:
In 2007, current CEO Cheng Liu became a majority shareholder in the business. Under Mr Liu’s guidance, the company began to manufacture and distribute ammonium sulfite and bisulfite. During 2013 Tiantai expanded its business activities to include the manufacture and distribution of lubricating oils and trading of recarburizer.
In December 2013, Tiantai was converted from a limited liability company to wholly foreign owned enterprise status (WFOE).