rongsheng wang brands

The International Chemical Biology Society (ICBS) has selected Rongsheng (Ross) Wang, assistant professor of chemistry, as a 2022 Young Chemical Biologist awardee.

ICBS cited Wang’s significant contributions to the field of bioorthogonal chemistry (the study of chemical reactions that occur inside of living systems without interfering with native biochemical processes) through his pioneering work in developing a selective fluorine displacement reaction. These tools are being further developed to explore cell biology in various disease states, which could lead to new diagnostic tools for human diseases such as cancer, inflammation and autoimmune disorders.

“I’m honored and excited to join an international community of outstanding researchers working under the common goal of uncovering solutions for diseases and promoting research and education at the interface of chemistry and biology,” said Wang.

Earlier this year, Wang received a five-year, $700,000 award from the National Science Foundation to develop chemistry-aided imaging techniques of cellular components. In 2021, he was selected as a Cottrell Scholar, one of 25 outstanding teacher-scholars in chemistry, physics and astronomy, by the Research Corporation for Science Advancement.

According to Wang, the Chemistry Department has built a very welcoming atmosphere for researchers, faculty and students. “I appreciate the department’s support for me to pursue interdisciplinary research and establish a chemical biology research group over the past six years,” said Wang. “I’ve been given enough room to set up a vigorous chemical biology education program here with new courses. Temple’s motto is Perseverance Conquers and that is such a great motto in general and especially for chemistry.”

Huarong Energy, formerly known as Rongsheng Heavy Industries, which was China’s largest privately owned shipbuilder, sold the assets to the bond holder for HK$1.

China Huarong Energy, which was rebranded from Rongsheng Heavy Industries in 2015, announced Monday it had completed the sale of its shipbuilding assets.

The company agreed in October to sell 98.5 percent interest equity of Rongsheng Heavy Industries and the entire interests in Rongsheng Engineering Machinery, Rongsheng Power Machinery and Rongsheng Marine Engineering Petroleum Services to the investment firm Unique Orient Ltd. for HK$1 (13 cents). The sale, which took place Sunday, also included 12.9 billion yuan ($1.9 billion) of the company’s debt, according to Lloyd’s List.

Unique Orient is owned by Wang Mingqing, who owns about HK$102 million ($13 million) of Huarong’s convertible bonds issued in November 2017. Huarong Energy said it had no prior business or other relationship with Unique Orient.

Rongsheng was once the largest privately run Chinese shipbuilder, but stopped shipbuilding operations in 2014 after a financial crisis during market recessions.

SHANGHAI, March 5 (Reuters) - China Rongsheng said it had scrapped a warrant issue that would have given the heavily indebted shipbuilder a HK$3 billion ($416 million) cash lifeline after it was unable to contact the offer’s only subscriber.

Rongsheng’s shares fell as much as 8.1 percent in early Thursday trade, after it said it would no longer issue HK$510 million worth of warrants to Kingwin Victory Investment Ltd, a Cayman Islands-incorporated investment firm.

In a stock exchange filing, Rongsheng said it had scrapped the issue as it could not contact Kingwin’s owner Wang Ping after media reports said he had been detained by the Beijing police for matters not related to Rongsheng.

“The company has no information as to the details of the incident and has been unable to contact Mr. Wang Ping, which casts doubt over the ability of the subscriber to perform its obligations,” Rongsheng said.

On Wednesday, Chinese news magazine Caixin reported that Beijing police had detained Wang on Feb. 23 over financial irregularities in investments made by Cypress Capital Group, another firm that he chaired.

Rongsheng, one of China’s largest shipbuilders, was gearing to move into oil exploration and change its name after becoming one of the most prolific casualties of the global shipping slump. It came close to insolvency in 2013 before agreeing with banks to extend its loans until the end of this year.

The warrant issue that Rongsheng had agreed with Kingwin in October would have entitled subscribers to buy up to 1.7 billion new shares at HK$1.60 each.

This would have raised about HK$3.23 billion for Rongsheng, the firm said at the time. A warrant entitles the holder to buy stock from the issuer at a specific price within a time frame. ($1 = 7.7552 Hong Kong dollars) (Reporting by Brenda Goh; Editing by Miral Fahmy)

His counterpart, Li Sanjian, did the same with his two students when visiting a friend in Yantai during this same period of unrest in Shandong province. It would make sense that an elderly, seasoned biaoshi (escort master) entering a foreign city in a time of catastrophe, would also be seeking out young, competent fighters to bring into his stable. Li’s students? Wang Rongsheng, and Hao Shunchang,

Note: Li Sanjian was credited with starting the line known as Seven Star Praying Mantis Boxing. Most people are now in agreement that this is false, and a way for Wang Rong Sheng to pay respect to his teacher, a branding advantage, or otherwise. Li never did mantis boxing, and while it is possible he knew, or knew of Liang, there is no indication he learned mantis from Liang, and was a more famous fighter by all accounts than Liang.

Wang Rongsheng - changquan (long fist) + ditang quan (Ground Boxing) + whatever Li Sanjian taught him. Although that relationship was similar to Liang and his disciples.

Four of the above mentioned fighters all opened schools post Boxer Rebellion. One of these boxers, Wang Rongsheng, goes on to teach two people privately. A disciple named Fan Xudong (silk merchant), and Wang’s own son. Prior to this, or during, Wang became good friends with Liang’s disciples, and at this time they shared knowledge with one another. Eventually all adopting the common banner of ‘Praying Mantis Boxing’. Each of them have all survived harrowing times up until this point.

Each one of Liang Xuexiang’s students, as well as Wang Rong Sheng, goes on to brand their own version of mantis (seven star, plum blossom, and supreme ultimate). This draws into question the legitimacy of the existence of a ‘praying mantis boxing’ prior to this generation.

It perhaps explains why the forms are inconsistent in each line. Shared in name only, but beyond that never having more than 2 lineages with consistent forms to one another. If the forms were handed down for generations prior, they would be sacred and undisturbed, not changed by Jiang, Hao, and Wang.

This would explain how, and why, Li Sanjian receives an honorary accreditation for a style he never did. It wasn’t a ‘style’ at all. It was a handful of techniques that Wang Rongshengs’ friends showed him. Wang never studied with Liang Xuexiang, as evidenced by the fact that he took the mantis moniker yet still claimed Li Sanjian (a non-mantis boxer) as his teacher.

If Wang had studied with Liang, and then changed his forms without giving proper credit, it would be incredibly disrespectful, and dishonorable. His ‘friends’ would certainly take issue with this. Instead, if it were simply a handful of methods from Liang that were passed down, it would make it easy to blend in with the other things Wang already knew and learned. Wang keeps his ‘teacher’ because there is no pure ‘line’ of mantis boxing to be loyal to prior to this.

This also identifies why one of Wang Rong Sheng’s descendents was selected to represent ‘mantis’ in Jin Wu. Wang wasn’t ‘true mantis’ under the ‘Li Bingxiao -> Zhao Zhu -> Liang Xuexiang line’. So why would one of his students be picked to represent the mantis style for such a major endeavor in the south such a Jing Wu? If it really mattered that is? Why not one of the ‘true heirs’ - Jiang, Song, Sun, or Hao’s students? These boxers even had schools at the time, and Wang was only teaching one non-family member.

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HONG KONG, March 31 (Reuters) - China Rongsheng Heavy Industries Group has agreed with banks to extend loans and other financing worth 10 billion yuan ($1.6 billion) to 2015, in a signal that the country’s biggest private shipbuilder may be too big to be allowed to fail.

Chief Financial Officer Sean Wang said Rongsheng had “formed a consortium of onshore banks and signed a framework agreement with them to optimise and rearrange some of the bank loans.”

Rongsheng said its full-year loss last year ballooned to 8.68 billion yuan ($1.4 billion) from a 572.6 million yuan net loss in 2012. The company blamed a slump in new ship orders, which were less than half its target, but it said it believed a shipbuilding recession was over. Revenue dropped to 1.34 billion yuan from 7.96 billion yuan a year earlier.

Headquartered in both Shanghai and Hong Kong, Rongsheng said it had 127 million yuan ($20.4 million) of loans overdue that have not been renewed or repaid. Total borrowings and finance lease liabilities are 22.41 billion yuan ($3.61 billion), with 13.7 billion yuan of that due within 12 months.

Allowing Rongsheng more time to repay its debts has puzzled analysts and industry experts given the highly leveraged company’s dwindling cash balance and short-term debt burden.

The company’s auditor, PricewaterhouseCoopers, declined to comment further on its report that Rongsheng’s “material uncertainties ... may cast significant doubt about the group’s ability to continue as a going concern.”

Rongsheng, which builds mining giant Vale’s large ore carriers, said it plans to focus more on large liquefied natural gas (LNG) carriers to meet increasing demand for new energy sources.

Shares in the company closed up 2.5 percent, after dropping more than 5 percent to a 14-week low in early Hong Kong trading. The benchmark Hang Seng Index rose 0.4 percent. Rongsheng’s market value has slumped more than 90 percent to just above $1 billion since its Hong Kong listing in late 2010.

Rongsheng said it is cutting senior and middle management pay by 30-50 percent. Analysts said it was not uncommon for companies in China to pare back management salaries when times are tough. As of end-December, Rongsheng had 4,738 employees, down 28 percent from a year earlier. Three years ago, the company employed about 20,000 staff and contractors.

Interview with Sean Wang, CFO, China Rongsheng Heavy Industries in his office at Central. 06JUL11 (Photo by K. Y. Cheng/South China Morning Post via Getty Images)