First fertilizer company listed in Singapore

On June 20, Henan Xinlianxin Fertilizer Co., Ltd. was listed on the Main Board of the Singapore Exchange and became the first chemical fertilizer company listed in Singapore.
Henan Xinlianxin Chemical Fertilizer Co., Ltd. is one of the largest fertilizer production bases in China's Central Plains and one of the four urea producers with the lowest production costs in the country.
Xinlianxin Company began preparations for listing in July 2006. It was approved by the Monetary Authority of Singapore in early June 2007 and entered the issuance process from June 12th. The deadline for the sale was June 18th and June 20th. Exchange board listing transactions. The company’s first sale of Xinlianxin’s shares was enthusiastic in Singapore. A total of 26,288 shares were issued, of which 6 million were public offerings and 258.88 million were placing shares. Before the opening bell, the total share capital reached 4.1 times of the issued share capital. The company's initial sale of shares raised a total of S$202.4 million (including new shares and seller's shares, or approximately RMB1,012 million), and the company received a net income of S$145,800,000 (approximately RMB729 million). The company plans to raise funds. For the purchase of manufacturing enterprises, construction of power systems and working capital.
Chairman of Xinlianxin Liu Xingxu stated that the main purpose of listing the company in Singapore is not only to raise funds, but also to use the Singapore listing platform to transform a joint-stock enterprise into an international public enterprise, thereby increasing The company’s popularity and product image make the company stronger, bigger and longer.
The photo shows Xinxingxing Chairman Liu Xingxu (first from right) and Singapore Exchange Chief Executive Xie Fuhua (first from left) together with Henan Xinxiang Municipal Party Committee and Politics and Law Committee Secretary Li Gongle.

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