Xi Wang Food landing SSE Motherboard

This newspaper Jinan February 23 (reporter Li Yan) 23rd 9:25, Shenzhen Stock Exchange, Binzhou party committee deputy secretary, Mayor Zhangguang and Wang Yong, chairman of the West King Group sounded the opening of the Treasure Bell. Hunan Kinder Development Co., Ltd. officially changed its name to "Xi Wang Food Co., Ltd.", the company's stock name renamed as "King Food."　　Thus, Western King Food Co., Ltd. became the first stock of corn oil in the domestic a-share market, which is the first share of the SSE a-share board after the construction of the blue economic zone of Shandong Peninsula. Since the beginning of last year, Xi Wang Group began to restructure the development of kinder. According to the bulletin, the Kinder Development to the West Wang Group to sell all assets and liabilities, West Wang Group in cash 132 million yuan to pay the price. At the same time, the kinder development to the West Wang Group issued 52683621 shares, for the purchase of the West Wang Group of legitimate holdings of King Food Co., Ltd. (hereinafter referred to as "West King Food") 100% equity, the issue price of 14.83 yuan/share, the purchase price of 781 million yuan.　　At the end of last year, the reorganization was completed successfully, and the XI Wang Group's direct and indirect shareholding ratio reached 52.08%. It is understood that the West King food is the domestic corn oil industry, one of the two major oligarchs in the production capacity and output of oil are in the industry leading position, with annual processing of 360,000 tons of corn germ, annual output of 200,000 tons of corn oils refining oil, oil 150,000 tons of small packaging oils production capacity. Its controlling shareholder ——— West Wang Group is the domestic corn processing production leading enterprise, has the most advanced production line, and has formed the raw material circulation utilization in the corn deep processing aspect, the product Echelon development has the West King characteristic circular economy pattern. The group's western King Sugar industry was successfully listed in Hong Kong in December 2005.　　Xi Wang food as the West Wang Group's corn oil industry leader, one of the backdoor kinder development of the market, in the industry a wide range of people in the market generally optimistic about the future development of the company.　　Binzhou Mayor Zhangguang said that the successful listing of the Western King's food will be a new vigor and impetus for the overall take-off of efficient eco-agriculture in Binzhou Yellow River delta, and it is also of great significance for the city to accelerate the transformation of economic development mode and promote industrial transformation and upgrading. On the first day of listing, Xi Wang Food market performance was active, closed at 40.39 yuan, Rose 5.32%.