Cannabiz report on the following deal.
Now the Chinese have a firm grip in the global cannabis black market it appears that somebody in Beijing has quietly given the green light for investors/companies to operate in the legal market.
The dichotomy may not be immediately obvious to some but there you go, that’s what happens when you mix-up technocratic communists, capitalists, and legal or is it illegal drugs
In the end money always wins the day and so on and so forth.
Reading up about the company (see below) it’s obvious that thier size means they can only operate with Govt approval on what they do
Cannabiz Australia..
Phytoca poised to sell business after Chinese firm flags ‘$62m’ deal
Who are Guizhou Yongji?
According to The Financial Times (UK)
About the company
GuiZhou YongJi Printing Co Ltd is a company engaged in design, production and sales of packaging printed matter. The Company operates two businesses. The cigarette label business is engaged in providing packaging and printing services for cigarette companies. The Company is also engaged in medicine label and alcohol label business.
- Revenue in CNY (TTM)908.72m
- Net income in CNY167.80m
- Incorporated1997
- Employees1.07k
- Location
GuiZhou YongJi Printing Co LtdNo. 198Guanshan East Road, Yunyan DistrictGUIYANG 550004ChinaCHN - Phone+86 85 186607332
- Fax+86 85 186607820
- Websitehttp://www.yongjigf.com/
Company Profile
Guizhou Yongji Printing Co., Ltd. is a large-scale packaging enterprise mainly engaged in cigarette trademark design, technology development and printing. It was officially listed on the Shanghai Stock Exchange on December 23, 2016. Stock name: Yongji Shares ; Stock code : 603058 .
- Basic information of the enterprise
Yongji Co., Ltd. was founded in March 1997 with a registered capital of RMB 421.56 million. It is mainly engaged in the business of trademark packaging and printing, and has long provided printing and supporting services for tobacco materials (cigarette boxes, strip packaging paper) for Guizhou China Tobacco Industry Corporation. The business address is located at No. 198, Guanshan East Road, Yunyan District, Guiyang City . The company has a modern multifunctional standard factory building of nearly 40,000 square meters with an investment of RMB 400 million. The company has about 400 employees , of which professional and technical personnel and management personnel account for more than 30% of the total number of employees . The annual production capacity of cigarette labels is 700,000 large boxes.
Yongji Co., Ltd. has made great contributions to the improvement of printing technology level and the development of local non-public economy in Guizhou Province.
Yongji Co., Ltd. has always insisted on increasing investment in equipment and technology during its 20 years of development. It now has Italian Cerrudi gravure printing ten-color and eleven-color inline production lines, German KBA seven-color and eight-color printing and glazing offset printing machine groups; German Pola company fully automatic high-speed cutting machine; Bobst and Youheng fully automatic flat-press double S hot stamping and die-cutting machine groups; Japanese Sakurai fully automatic screen machine groups; sheet-fed gravure printing machine groups; Creo CTP pre-press digital plate making and VOC full set of testing and processing systems. It has fully mastered various printing processes such as appearance design, plate making, gravure printing, offset printing, laser transfer, hot stamping, holographic anti-counterfeiting, etc. for various paper packaging. In addition, the company has passed ISO9001 : 2015 “Quality Management System”, GB/T28001 : 2011 “Occupational Health and Safety Management System”, ISO14001 : 2016 “Environmental Management System” and many other system certifications.
- Corporate Honors
Since its establishment, Yongji shares has laid a solid foundation for the company’s long-term development with its excellent service capabilities and stable supply capabilities. The company has won many honors, including “Guizhou Province Contract-abiding and Credit-worthy Enterprise”, “Guizhou Province Top 100 Private Economy Enterprises”, “Guizhou Province Cultural Industry Demonstration Base”, “Guizhou Province Safety Standardization Level 3 Enterprise”, “Guizhou Province Integrity Demonstration Enterprise”, “Guiyang City Ecological Civilization Enterprise”, “Guiyang City Top 100 Taxpaying Enterprises”, “Yunyan District Top 10 Taxpaying Enterprises” and many other honors.
- Social Responsibility
The development of an enterprise is inseparable from a harmonious and stable social environment. Yongji Co., Ltd. has always kept in mind the principle of “repaying society after getting rich”, conscientiously fulfilled its social responsibilities, solved employment problems, helped disadvantaged groups, and actively responded to the government’s call to initiate the establishment of the “Harmonious Yunyan Promotion Association”, resettled and recruited hundreds of laid-off and college graduates, and established the “Guizhou Sunshine Project Management Committee Yongji Printing Base”, which is specifically used to re-employ people who are addicted to or quit gambling, creating huge social benefits.
Yongji Co., Ltd. takes “professional printing, industry leadership, and building a first-class packaging printing company in China” as its strategic goal, and takes the revitalization of the national printing industry as its mission. It has always closely integrated printing with technology, environmental protection, and humanities, and strived to improve productivity. At the same time, it actively participates in social welfare undertakings and contributes to social and economic development.
