en-SZSE News

Oriental Yuhong (SZSE: 002271) to go IPO

Date: 2008-09-10

Oriental Yuhong (SZSE: 002271) will be listed at the Small and Medium-Sized Enterprise Board of the Shenzhen Stock Exchange today.

Oriental Yuhong (SZSE: 002271) will issue 13.20 million shares through public offering to raise 229 million yuan. The issuing price is 17.33 yuan per share and total equity is 52.76 million shares.

Oriental Yuhong (SZSE: 002271) is a professional supplier of building waterproof system with development, production, sales, technological consultancy and construction service. The company is said to be the most competitive pilot enterprise with strongest growing capability in the industry of building waterproof material in China. The brand of “Yuhong” is recognized as “Famous Brand” in China by the State Administration for Industry and Commerce, and is also the first famous brand in this line. The company achieved business income of 484.50 million yuan and net profit of 37.31 million yuan in 2007.