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Milk Company to Make IPO
An industry insider said Tuesday that Heilongjiang Longdan Milk Technology Co., Ltd. has submitted application to China Securities Regulatory Commission for issuing 30 million A-shares. The issuing price has not been determined yet, and the listing place is in Shanghai.
The company has been certified by Chinese Academy of Sciences and the Ministry of Science and Technology as a hi-tech enterprise.
The main underwriter is Changjiang Securities.
Located in Harbin, the capital city of Heilongjiang province, the company takes the production of hi-tech milk products as its main business. The proceeds from the initial public offering (IPO) will be used in the hi-tech projects related to bioengineering technology.
Source: Panorama
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