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Jinhe Biotech Stages a $78.6 Million Shenzhen IPO

publication date: Jul 16, 2012
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Jinhe Biotechnology, located in Inner Mongolia, raised 490 million RMB ($78.6 million) in an IPO on the Shenzhen Small and Medium exchange. The company placed 27 million A shares of common stock at a price of 18 RMB each, according to filings. Jinhe makes antibiotics that are administered to livestock as feed additives. In 2011, the company reported operating income of $113 million and net profit of $12 million. More details....

Stock Symbol: (SHE: 002688)

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