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Warmly celebrate the successful listing of Yong Sheng new materials Co., Ltd in HKEx.

Time:2013-11-27 Click:1543

     

   In the morning on Nov.27th , the board chairman, executive director of Yong Sheng new material Co., Ltd, Mr. Li Cheng, executive director and chief executive Mr. Zhao Jidong , executive director Mr. Li Conghua, Mr. Ma Qinghai attended the opening ceremony of Yong sheng stock in Hong Kong Exchanges and Clearing Limited(HKEx), Chief Executive of Xiaoshan district Ms. li ling, secretary and director of development and reform commission of Xiao Shan district (NDRC),Mr. Wei Daqing, secretary of Jing Jiang sub-district Mr. Wang Bin were invited as honored guests to addend in the opening ceremony. At half past nine,the board chairman, executive director of Yong sheng new material Co., Ltd, Mr. Li Cheng kicks off the opening ceremony by beating a gong in HKEx, whichmarked that Yong Sheng new material co., LTD. (03608) was formally listed in the Main board of Hong Kong Exchanges and Clearing Limited (HKEx).

  The investors meeting was held on Nov. 15th in Hong Kong and it issued 100 million shares with offering price of 1.18HKD per share, of which 30% are sold publiclyand 70% are for placements respectively. The sole sponsor for the shares is Haitong internationalSecurities.

    Yongsheng new materials Co., Ltd engages in the trade of textiles and textile related products , mainly including cotton, PET slices, nylon chips, PTA, MEG, wood pulp and cotton pulp. More ever, it also provides dyeing and process service for differential polyester fabrics from customers by catching processing fee in turn. The differential polyester fabrics include much micro suede. it is equipped with five processing line with a dyeing and process capacity of around 48 million meters per year.Yong Sheng new materialsis also the developer and manufacturer of Chinese polyester filament, products include all kinds of polyester filament, the total manufacturing capacity of Hangzhou HUVIS &Yong sheng chemical and Nantong Yong Sheng new material is about 14600 metric tons per year and 10900 metric tons per year respectively.The suppliers of Yong Sheng new materials trade including trade companies and manufacturers both at home and abroad, and the suppliers of dyeing, processing and polyester filament manufacturing, aremainly in Zhejiang and Jiangsu provinces.

    The successful listing of Yongsheng new material is an important milestone in Yongsheng’s development history, it not only brought Yongsheng into the international capital markets, moreover, it provides sufficient fund and confidence for long-term development of Yong Sheng Holdings Co., Ltd.  From now on, Yong Sheng will open up a new development era. 


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