The FINANCIAL -- The first Chinese company has been newly listed on the WSE Main Market.
Peixin International Group N.V. is the 46thforeign issuer listed on the regulated market in Warsaw and the 4th foreign company to introduce its shares to the Main Market in 2013. The issuer is the 444th company listed on the WSE Main Market and the 15th new listing on the market in 2013.
“The new listing of Peixin comes as a result of the consistently and increasingly boldly pursued strategy of internationalisation of the Polish capital market and the exchange itself. The common goal of the exchange and other participants of the Polish capital market is to make the market increasingly attractive both locally and internationally,” said Adam Maciejewski, President and the Management Board of Warsaw Stock Exchange.
The value of the public offering of the Chinese company was PLN 16 million. Warsaw Stock Exchange will be the single listing market of shares of Peixin International Group N.V.
Following today’s new listing, the two markets of Warsaw Stock Exchange list 55 foreign companies (46 on the Main Market and 9 on NewConnect) from several countries. The biggest number of foreign companies come from Ukraine , the Czech Republic, Lithuania, and Israel.
Peixin International Group N.V. is a joint-stock company established under Dutch law with a registered office in Amsterdam, Netherlands. The company is the sole shareholder of Peixin International Group BVI, established under the law of the British Virgin Islands. Peixin International Group BVI is the sole shareholder of a company operating in the People’s Republic of China.
Peixin designs, manufactures and sells production lines dedicated for manufacturing of daily-use hygiene products including sanitary napkins (42% of revenue in 2012), diapers (35%), paper handkerchiefs (15%), and other products (8%). Over nearly 20 years in the design and production business, the company has built up expertise in production technologies and client needs and acquired experience in product distribution both in China and abroad. The group is one of the oldest Chinese suppliers of production lines dedicated for manufacturing of daily-use hygiene products.