Foshan Haitian launches IPO to strengthen soy production capabilities
date:Jan 20, 2014
he second largest IPO since the China Securities Regulatory Commission lifted suspension in late 2013.

In October 2012, the country imposed a ban on IPO, to boost confidence among investors who have been suffering from declining stock markets.

For the first nine-month period of 2013, Foshan Haitian reported 37% rise in net profit to CNY1.21bn with revenues up 18% to CNY6.29bn in comparison with the year-ago period.

For fiscal 2013, it expects up to 35% rise in net profit to CNY1.62bn.

Foshan
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