Kangnong Seed goes public on Beijing Stock Exchange
2024-01-19 19:01:00
By Chen Si, Yichang International Communication Studio
Hubei Kangnong Seed Co., Ltd. was listed on the Beijing Stock Exchange (BSE) yesterday.
Kangnong is Yichang’s first newly listed company in 2024, and also the third main board- listed company born in Tujia Autonomous County, after Heyuan Gas and Yizhi Konjac.
Kangnong executives ring the bell at the listing ceremony
Its issue price is 11.20 yuan (US$1.56) per share and opening price is 19.62 yuan per share, with a total share capital of 52.62 million yuan.
Its IPO proceedings will be used as both working capital and to build a hybrid corn seed production base with an expected annual output of 25,000 tonnes.
Founded in 2007, Kangnong specializes in seeds for corn, konjac and Chinese herbal medicine. The company has developed high quality, high yield disease-resistant seeds for farmers contending with the poor climate and soil conditions of southwest China.
In 2022, Kangnong was named one of the 69 leading crop seed companies in China.
The company's corn varieties have covered Southwest China’s corn region and are rapidly expanding into South China and Northwest China, among other markets.
The Hubei Kangnong Seed Co., Ltd. factory
Hubei Kangnong Seed Co., Ltd. was listed on the Beijing Stock Exchange (BSE) yesterday.
Kangnong is Yichang’s first newly listed company in 2024, and also the third main board- listed company born in Tujia Autonomous County, after Heyuan Gas and Yizhi Konjac.
Kangnong executives ring the bell at the listing ceremonyIts issue price is 11.20 yuan (US$1.56) per share and opening price is 19.62 yuan per share, with a total share capital of 52.62 million yuan.
Its IPO proceedings will be used as both working capital and to build a hybrid corn seed production base with an expected annual output of 25,000 tonnes.
Founded in 2007, Kangnong specializes in seeds for corn, konjac and Chinese herbal medicine. The company has developed high quality, high yield disease-resistant seeds for farmers contending with the poor climate and soil conditions of southwest China.
In 2022, Kangnong was named one of the 69 leading crop seed companies in China.
The company's corn varieties have covered Southwest China’s corn region and are rapidly expanding into South China and Northwest China, among other markets.
The Hubei Kangnong Seed Co., Ltd. factory
