Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

First foreign-funded firm to be listed on Beijing Stock Exchange

December 05, 2022


Abstract : Suzhou Ovodan Food Co., Ltd. (Ovodan) has gained approval for launching an initial public offering (IPO) on the Beijing Stock Exchange (BSE), reported Shanghai Securities News last Friday.

BSE.png

Photo taken on Nov. 15, 2021 shows a scene at the opening ceremony of the Beijing Stock Exchange, in Beijing, capital of China. (Xinhua/Li Xin)

BEIJING, Dec. 5 (Xinhua) --  Suzhou Ovodan Food Co., Ltd. (Ovodan Food) has gained approval for launching an initial public offering (IPO) on the Beijing Stock Exchange (BSE), reported Shanghai Securities News last Friday.

Ovodan Food represents the first foreign-funded firm to submit application and gain approval of IPO on the BSE, according to the report. 

The company's controlling shareholder is China Egg Products ApS (Denmark) with a total stake of 87.96 percent.

According to the firm's prospectus, it aims to get about 153.70 million yuan (about 22.09 million U.S. dollars) to upgrade assembly line, expand production and add more liquidity.

The company will allocate 63 million yuan of those funds to upgrade assembly line for egg products, 60 million yuan to the project of production expansion of 15,000 tonnes of egg products, while the rest will be used for working capital.

(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Beijing Stock Exchange Ovodan

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial