Far East Holding Group invests Micro-Tech (Nanjing) and shifts to science and technology innovation board, Sichuan Teway gets listed in A-share
Far East Holding Group, the global investment management expert, has adhered to the development strategy of “main business plus investment”, focusing on investments in diverse industries and enterprises including smart energy, big health, big consumption, big culture, food and beverage, advanced manufacturing, industrial automation, TMT and cloud competing.
In April 2019, Far East Investment made new success in capital market: Micro-Tech (Nanjing) Co., Ltd. ("Micro-Tech (Nanjing)") made initial public offering and had its application of listing in science and technology innovation board handled by Shanghai Stock Exchange; Sichuan Teway Food Group Co., Ltd. ("Sichuan Teway" for short, stock code: 603317.SH) made initial public offering and got listed in A-stock market, becoming the first listed company offering hotpot condiment and other Sichuan-style compound condiment in A-stock market.
On April 3, 2019, Micro-Tech (Nanjing) made IPO and its application of listing in science and technology innovation board was handled by Shanghai Stock Exchange. Micro-Tech (Nanjing) planned to offer no more than 33.34 million shares to raise fund RMB 894 million, which will be used in the construction of production base, home and abroad R&D and experiment center, and marketing network and IT application.
Founded on May 10, 2000 with a registered capital of RMB 100 million, Micro-Tech (Nanjing) got listed in NEEQ on December 22, 2015 and delisted from NEEQ on June 14, 2016. One year later, Micro-Tech (Nanjing)"s application of IPO in the main board of Shanghai Stock Exchange was handled; on December 19 in the same year, its disclosures were updated; however, it had never been discussed at the stock issuance approval meeting of China Securities Regulatory Commission; that is why now it seeks to get listed in science and technology innovation board.
Micro-Tech (Nanjing) mainly engages in the R&D, manufacturing and sales of minimally invasive medical device, equipped with three technology platforms, namely endoscopic diagnosis and treatment, tumor ablation, and OCT. Its main products include endoscopic minimally invasive diagnostic and treatment equipment and tumor ablation equipment series. Its newly developed Endoscopic Optical Coherence Tomography (EOCT) has been approved by the Food and Drug Administration (FDA) of US; at home, the product has entered the National Medical Products Administration (NMPA)"s green channel for the approval of innovative medical device.
On April 15, 2019, Shanghai Stock Exchange issued a notice saying that Sichuan Teway"s A-share stocks will be offered in the trading market of Shanghai Stock Exchange. Sichuan Teway"s A-share capital stock is 413.155 million shares, among which 41.32 million shares have been traded since April 16, 2019.
Sichuan Teway is a council member of China Condiment Industrial Association and a leading enterprise in agricultural industrialization. Since its inception, Sichuan Teway has been committed to the R&D, production and sales of Sichuan-style compound condiment, and has developed a host of marketable products well-received across China and beyond, such as "Dahongpao", "Haorenjia", "Tianche", and "Xiyangyang" series.
Among those, Sichuan-style compound condiment "Dahongpao" and "Haorenjia" have been rated as "Famous Products in Sichuan"; "Tianche" brand was identified by the Ministry of Commerce as "Time-honored Chinese Brand". Sichuan Teway is among the drafters of the national standards for hotpot condiment and chili sauce, and local standards for Sichuan-style compound condiment and seasoning. Its standard management and sustained innovation has also contributed to the steady growth of sales.
Currently, Sichuan Teway has put in place a well-established sales network across 30-plus provinces (municipalities, autonomous regions) in China and set up offices in important regions. With the implementation of a global strategy of sales network, its products have reached to US, UK, Canada, Australia, and other countries.
Far East Holding Group has achieved repeated success in investment in fellow enterprises, yielding fruitful harvest in overall investment. As of today, the number of companies invested by Far East Holding Group has reached 352, among which 100 were listed companies (28 listed in NEEQ) and 13 preliminarily disclosed.