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Jade Technologies posts first operating revenue since 4Q08

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Jade Technologies Holdings has posted revenue of $251,000 for the first quarter ended December 31, 2009 (1QFY2010). This is the group’s first operating revenue since 4QFY2008.

Last Sept, Jade acquired the rights to trade, market and distribute titanium dioxide manufactured by Daqing XinLong Chemical Company, a titanium dioxide manufacturer in Heilongjiang, China. It also incorporated subsidiary Daqing Xinde Chemical Marketing & Distribution to trade, market and distribute titanium dioxide-related products manufactured by XinLong.

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