LianDi Clean Technology Inc. (LNDT.OB) Forms Subsidiary for Software Development
China’s leading petroleum and petrochemical company, LianDi Clean Technology Inc. reported yesterday that it has established a new subsidiary, HongTeng WeiTong Technology, Ltd. The subsidiary will focus on developing new software modules for petrochemical companies and will bolster LianDi’s presence as a prominent clean energy company. Heading the new team will be Dr. Jian Feng Yang, who was hired by LianDi in December 2010. With nearly 20 years of experience. Dr. Yang is familiar with the petrochemicals industry, having worked for a subsidiary of Sinopec and Beijing University of Chemical Technology. He will lead a team of 30 employees to…