The company has successfully negotiated through several rounds with investors and investment banks in an effort to go public by submitting to strict assessments and detailed due diligence, as well as passing an independent audit by a SEC authorized auditing firm. Though the process was complicated and hard, the outcome is outstanding. The investment banks and finance professionals now recognize the company’s value and prospect. Because of the good cooperative relationships to the investment banks and investors, the company’s development is now strongly supported in both capital and strategy and ensures a wide refinancing channel.

The corporate stock is at the introduction stage and has raised $9.1 million USD. As a public company, China Armco Metals will insist on “being responsible to the investors and making the greatest effort to heighten the profit,” to standardize company’s management structure, and to be an international company that can withstand the strict supervision by the SEC.

The company’s plan to expand Armco’s business globally, while focusing on the key scrap steel recycling construction project by its Lianyungang subsidiary.