Yancheng Far East Chemicals Co., Ltd.
 
Solvent Dyestuff
Organic Pigment
Intermediate
Matel Complex Dye
Flourescent Whitening Agent
Data
 
  Yancheng Far East Chemicals Co., Ltd.
Add : Ecology Chemical Industry Garden,Economic Development Zone
Tel : +86-515-87883018    
Fax: +86-515-87883019    
Email: [email protected]
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LingRui pharmaceutical 62 million investment in the bond dye waiting for seven years
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Xinyang Lingrui Pharmaceutical Holdings bank Limited by Share Ltd43110000 shares, the initial investment amount is 32000000 Yuan,accounting for the total proportion of 6.89% stake in Bank of Xinyang

In the IPO gate opening at the same time, some by buying shares of listing Corporation, listing Corporation also caused the market and pursued,Lingrui pharmaceutical is one of them.

Recently, Lingrui pharmaceutical announced that, in June 25, 2014, theChinese Securities Regulatory Commission issued an audit committee in 2014 eighty-seventh meeting of the audit, the company shares JiangsuYabang dye Limited by Share Ltd IPO application is approved. Lingrui pharmaceutical said, the holding company Jiangsu Yabang dye Limited by Share Ltd 16000000 shares, accounting for the total issued share capital ofthe company 7.41%.

Lingrui pharmaceutical Chairman secretary  office staff said in an interview with the financial times, in addition to Yabang dye, have no investment other listedcompanies. "Did not have this plan, to look at the management of the company will."

After the release of information, June 26th, June 27th and June 30th Lingrui pharmaceutical three consecutive trading days.

"Latent" seven years waiting for IPO

It is understood, Lingrui pharmaceutical has "hidden" in the Yabang dye for nearly 7 years.

The Yabang dye announced in June 11th the prospectus, in December 28, 2007, in order to raise the capital needed for development, improving shareholder structure, Yabang dyestuff Co. Ltd. interim shareholders' general meeting and the resolution, company investment 10000000 yuan,capital is the main Henan Lingrui pharmaceutical Limited by Share Ltd,increase the price of 6.2 yuan / share, investment way for money.

According to the capital verification report issued by the Jiangsu team, as of December 28, 2007, has received Henan Lingrui pharmaceutical Limited by Share Ltd investment Monetary Fund 62000000 yuan, including 10000000 yuan in the paid in capital, 52000000 yuan in capital reserve.

In order to increase the company's equity scale, enhance the company'sability to continue as a going concern, March 8, 2011, Yabang dyestuff Co. Ltd. held 2010 annual general meeting of shareholders, the company decided to equity shares, namely according to the share capital of 135000000 shares as the base, with capital provident fund 10 shares for every 6 shares Turn add 81000000 shares, a total of. This increase is completed, the company's total share capital of 216000000 shares. At that time, Lingrui Pharmaceutical Holdings Yabang dye shares had risen to 16000000 shares, shareholding ratio reached 7.41%.

By the end of Lingrui pharmaceutical announcement, the company has heldYabang dye for nearly 7 years. In addition, Lingrui pharmaceutical also holds 43110000 shares of Bank of Xinyang Limited by Share Ltd non-listed company, the amount of investment was 32000000 Yuan, accounting for the total shares of the Bank of Xinyang was 6.89%, 5960000 yuan profit in 2013.

Yabang dyestuff industry leader

Yabang dye the listing also attracted the attention of investors. Jiangsu Yabang dye Limited by Share Ltd is composed of Yabang Group as the main sponsor, combined with Xu Xudong and 59 individuals in February 24, 2006 set up by means of promotion. In 2010, 2011 and 2012, the sales income scale are classified four domestic dye industry, the company main product anthraquinone disperse dyes and vat dyes structure occupancyrate is about 35% in the domestic market, ranking first in the.

The total assets of Yabang dye recently three years of continuous growth,from 2011 to 2013 were 812000000 yuan, 997000000 yuan and 1018000000 yuan. The last three years the company's total operating income of 1656000000 yuan, 1605000000 yuan and 1910000000 yuan, net profit for the last three years is 179000000 yuan, 125000000 yuan and 259000000 yuan.

 
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