SINO-AGRI UNION's initial public offering of A shares was successfully listed on the main board of the Shenzhen Stock Exchange
On April 6, 2021, Shandong SINO-AGRI UNION Biotechnology Co., Ltd. (stock name: SINO-AGRI UNION, stock code: 003042) held a grand listing bell-ringing ceremony on the Shenzhen Stock Exchange.
SINO-AGRI UNION (stock code: 003042)
27.4 million shares in initial public offering
The issue price is 21.56 yuan per share
Total raised funds of 591 million yuan
With the help of this listing, SINO-AGRI UNION plans to raise funds to invest in a pesticide technical project with an annual output of 3300 tons, a 10000t/a dichloropentachloromethylpyridine and a 5000t/a acetamiprid technical construction project. After the projects are all completed and put into production , the company's production scale will be further expanded, and at the same time, it will further increase its market share and overall competitiveness, and ultimately achieve sustained and stable growth in product sales and profitability.
SINO-AGRI UNION adheres to independent research and development, and has continuously increased investment in technology research and development and product reserves. Up to now, the company has obtained 39 invention patents, and has successively participated in the formulation of 14 industry standards such as acetamiprid soluble powder and nitenpyram technical drug. And it has successively undertaken the "Twelfth Five-Year" National Science and Technology Support Program, the "Thirteenth Five-Year" National Key R&D Program, and has successfully developed a pesticide creation product "Flufenamide" with independent intellectual property rights. The creation and application of this product It was also rated as the first prize of "The 10th China Pesticide Industry Association Pesticide Innovation Contribution Award" by China Pesticide Industry Association.
Up to now, SINO-AGRI UNION has successfully established a sales network and after-sales service system covering more than 30 provinces, autonomous regions and municipalities directly under the Central Government in the domestic market. The international market has gradually entered the major pesticide markets in Southeast Asia, South Asia, the Middle East, Europe, America, and Africa. In the future, China Agricultural United intends to gradually carry out independent registration through the establishment of overseas subsidiaries. While further expanding and strengthening the domestic market, we will strengthen the efforts to expand the international market and achieve both internal and external development.
SINO-AGRI UNION was officially listed on the Shenzhen Stock Exchange and officially landed in the capital market, becoming the first batch of companies listed on the Shenzhen main board after the merger of the two boards. It is an important milestone in the development history of SINO-AGRI UNION, and it is also a new starting point for future development. SINO-AGRI UNION will keep in mind the fundamental purpose of serving agriculture, make full use of the capital market power, continue to develop and innovate, and strengthen and expand pesticide research and development, production and agrochemical services. Business, with high-quality products, thoughtful service, good performance to give back to the society and investors.