Category Archives: News & Events
China’s Pangu Woodwork Files for $29 Million US IPO
According to the Bomar business news, Pangu Woodwork Corporation Limited (Pangu Woodwork) today has filed with the SEC for a $28.92 million IPO on the New York Stock Exchange on 28, May.
Hoping to soon hit Wall Street tickers as NYSE:PGWW, Pangu Woodwork’s F1 filing points out how it run its business and ship their products to over 80 countries. According to a regulatory filing, Pangu Group and Deco Home (China) Limited hold a 35.6% and 12.4% stake in the company, respectively. Other shareholders include INTL Wall Paneling Corporation, Guanghe Acoustic Material Supplies Co., Ltd, Series Wall Designs Inc and ASI sourcing Inc. The company has filed a registration with the US Securities and Exchange Commission (SEC)
Established in 1997, Pangu Woodwork Co., Ltd is now becoming a leading manufacturer and supplier of architectural wall panels that including 3d wall panels, textured wall panels, sculptured wall designs, decorative wall screens, acoustic wall panels and a wide variety of woodworks. They offer state-of-the-art solutions for interior decoration at both commercial and residential level, Pangu have established long-term strategic partnership with the most famous real estate joint-stock company such as Zhao Shang Real Estate Co., Ltd (stock No. in China: 000024), Guang Tian Decoration Co. (stock No. in China: 002482).
”We have grown significantly since we commenced our operations. Our net revenues grew from $0.16 million in 1997 to $69.2 million in 2012. The distributors increased from 3 in domestic markets to over 110 distributors in domestic markets and 43 oversea distributors in global markets in 2012. We experienced a clear profit of $5.8 million, $8.4 million and $11.3 million in 2010, 2011, and 2012, respectively. We also used cash in operating activities of $4.6 million and $6.2 million in 2010 and 2011, respectively. We generated $9.8 million in cash from operating activities in 2012.” Mr. Water Yee, the CEO of Pangu Woodwork Co., Ltd, said in interviews.
It’ll be the first Chinese tech IPO since the largely positive listing of gaming platform YY (NASDAQ:YY) in November. The company, which focuses in developing exciting interior environments through the application and installation of decorative wall panels, delivers wall paneling products to consumers across the globe, will use the proceeds to finance business operations, which include technology infrastructure investment, launching the new wall paneling products and marketing.
“Our goal is to become the most outstanding interior wall system manufacturer and supplier in the world, and now we are on the right way to lead there!” Said Water Yee.
Iconic Panel 3D
ICONICPANEL3D company – Pangu’s exclusive distributor in Iran, is now growing into a leading supplier of 3d wall panels and other interior wall panels in Persia markets.
Established in 2009, ICONICPANEL3D company is a fast growing enterprise. the owner, Mr. Hamid Reza Babazadeh register his own bran “iconic panel 3d” in Iran, starting from Teheran and then spread like wildfire in Iranian markets, by now ICONICPANEL3D company has over 30 distributors in different cities in Iran, distributing its’ own brand “iconic panel 3d”.
Recruitment Information 2013
Pangu is a leading manufacturer of architectural wall panels in China, we are focuses in developing exciting interior environments through the application and installation of 3d wall panels. By the end of 2012, Pangu has over 20 distributors around world, pangu panels has sole to over 40 countries.
In order to explore the global markets and enlarge our production capacity to meet the needs of increasingly developing requirement of our customers, we have a number of opportunities for all levels, backgrounds and ambitions, we sincerely invite the talents to join us!
The following are the positions that we are looking for:
Sales department (2 positions): 1) Undergraduate or higher degree; 2)CET-6 certificate, TEM-4 or higher certificate; 3) be good at communication with customers, well in spoken English or writing.
Factory workshop (12 positions for sanding workers, 1 position for painter, 2 positions for packing workers): Relevant working experience is preferred.
Applying position: Please send your resume to: hr@pangu.hk
Apologize for Email Delay Reply
Dear Customers and distributors,
Since we just back from our traditional Chinese New Year holidays, there are too much emails and orders are pending there, some of them are very urgent orders, our sales may haven’t go enough time to reply your email in time, we apologize for the delay and the incontinence that may cause for you. Please keep in patient and our sales will do our best to work for it.
If there is anything very urgent please call us directly.
Thanks for your understanding and your always supporting.
PANGU WOODWORK CO., LTD
February 19th, 2013
Chinese New Year Holiday Notice
Dear Sir or Madam,
As Chinese New Year is coming, we here would like to take this opportunity to thank our distributors and customers, together with all PANGU staff. it is your supporting that make our company getting more and more stronger. According to our company’s decision, our arrangement for Chinese New Year holidays is in following:
Office workers off to work from 5th February, 2013 to 17th February, 2013
Factory Workers off to work from 29th January, 2013 to 24th February, 2013
Please Note that all the orders that we receive before 15th of January 2013 can be finished before Chinese new year holidays, and for the order that we receive after the 15th, please check with our salesman for the lead time, the delivery time of your wall panels may pending after Chinese new year holidays. We sorry for the inconvenience.
Happy Chinese New Year!
Pangu Woodwork Co., Ltd
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