On January 27, 2015, Sun Shubao, Chairman of China Crop Protection Industry Association (CCPIA), Li Ming, Chairman of Limin Chemical Co., Ltd. and others all together stroke the bell signifying the opening of the market at Shenzhen Stock Exchange. With this, Limin Chemical Co., Ltd. has formally become a member of the Shenzhen Stock Exchange after four years' strenuous efforts and planning.
Limin Chemical Securities is briefly referred to as Limin Shares and the stock code is 002734. The total number of the company's RMB common stocks has reached 100 million shares, 25 million IPO shares of which are all new shares and have been traded since the beginning of the listing. 2,500,000 shares of the IPO stock were placements off line, and 22.5 million shares were issued online with each at an issue price of 10.69 yuan.
Faced with good market prospects for the pesticide industry, Limin Shares will bring new vitality and impetus to the industry as a whole. According to the announcement issued by Limin Shares, the company will strive to produce 18 TC varieties and 58 kinds of formulations, and obtain an annual output of 30,000 tonnes of TC products and an annual sales revenue of one billion yuan within the future three years. The successful offering and listing will help further enhance the companys reputation and market influence, strengthen the company's brand image, and expand the market share.
Limin Shares is principally engaged in the R&D, production and sale of agricultural fungicide TC products and formulations, mainly including EBDC, cymoxanil, phosethyl-al, pyrimethanil, etc. In addition, the company is also engaged in the production and sale of nematicide metham sodium. The company's capacity for EBDC ranks fourth in the world and first in China, and capacities for cymoxanil, phosethyl-al, pyrimethanil and metham sodium rank first in China.