On January 12th, Hailir Pesticides and Chemicals Group(Stock abbreviation:Hailir, stock code 603639) initial public offerings-A share listing ceremony was held in SSE, a new A share member attends in the pesticide industry family.
On 9:30 am, Hailir Chairman Geyaolun and deputy mayor Dongxiaoli from Qingdao Municipal government gong for opening in SSE. Deputy director Wangfeng from Qingdao Finance office and deputy district head Liuqinglin from Chengyang District are also on the scene for expressing congratulations.
The issue price for Hailir A is 24.95/share,IPO P/E ratio is 22.95 times. After implementing claw back mechanisms,three million shares was issued under net,consists to 10% while twenty seven million shares was issued on net which consists 90% percent,the allocation rate is 0.029%.
After opening, Share price increased 44.01% for a instance, and quoted 35.93RMB.
According to public information, at present,Hailir Pesticides and Chemicals Group has a number of subsidiaries like QINGDAO HAILIR AGRICHEMICAL CO.,LT,QINGDAO HAILIR PLANT PROTECTION TECHNOLOGY CO,LTD,QINGDAO AUDIS BIO.TECH. CO.,LTD,QINGDAO JAMET PLANT NUTRITION ENGINEERING CO.,LTD,SHANDONG HAILIR CHEMICAL CO.,LTD,QINGDAO STRONG TEND AGRICULTURAL SCIENCE AND TECHNOLOGY CO., LTD,SINOAGRO CHEMICALS CO.,LTD,SHANDONG TIGER WADE BIOLOGY. TECHNOLOGY CO., LTD,QINGDAO HEALD FIELD AGRICULTURAL SERVICE CO.,LTD. Hailir also hold shares of some companies.
Hailir has became one of the leading enterprises in the formulation area in domestic for the past seventeen years. Hailir positions itself as a pesticide corporation owns a complete industry chain including formulation,technical and intermediate. At present,Hailir has the right to stipulate price for imidacloprid and acetamiprid technical. In recently two years, this company focus on the pesticides with great potential and has got good outcomings. In 2017,company will start to manufacture pyroclostrobin technical massively.
Hailir Vice President Gejiacheng gave three advice for future Hailir, firstly is to establish new alliance relationship with new partners,strengthen our advantage on production line,resources,research&development.Secondly is to improve service level by building new organization and talent echlon. Finally is to stick to technical strategy. Trying best to complete the pyraclostrobin production line and attend to set standard for it, aiming to occupy fungicide market even Chinese pesticides market in time.
In the area of marketing development and under the premise of strengthening and improving domestic market competitive advantage,company need vigorously develop international market , especially North-America,EU and Brazil high-end pesticide market. Hailir is ready to register products that with great potential and try to cultivate independent brand, aiming to make Hailir to be a multinational pesticide enterprises.
