Namchow 2021/05/18
On May 18th, Nanqiao Food Group (Shanghai) Co., Ltd. held its initial public offering listing ceremony on the Shanghai A-share Main Board. The stock price hit the upper limit, making it the first Taiwanese-funded enterprise to list on the Shanghai Main Board this year, which is of extraordinary significance.
Distinguished guests witnessing the gong-striking ceremony of Nanqiao's IPO officially appeared in the Shanghai Stock Exchange hall (from left): Tan Yongle, CEO of Pangu Bank (China); Shen Guozhong, Deputy Director of Jinshan Industrial Zone / Secretary and Chairman of Xin Jinshan Development Co.; Zhong Xiaomin, Director of Shanghai Municipal Taiwan Affairs Office; Chen Zhengwen, Chairman of Nanqiao Food; Li Wenhui, Vice President of Association for Relations Across the Taiwan Straits; Wang Hongwei, Member of the Standing Committee and Deputy District Mayor of Xuhui District; Huang Li, Chairman of Weiduomei Food; and Zhu Chunming, General Manager of Shenwan Hongyuan.
The listed company launch ceremony today was attended by a galaxy of distinguished guests, including Vice President Li Wenhui of the Association for Relations Across the Taiwan Straits, Director Zhong Xiaomin of the Shanghai Association for Taiwan Enterprises, Standing Committee Member and Deputy District Mayor Wang Hongwei of Xuhui District, where the Nanqiao Listing Headquarters is located, Standing Committee Member Jiang Yong of the District Committee, Director Wang Zhihua of the District Development and Reform Commission/Finance Office, and Director Chen of the Jinshan District Administration for Market Regulation, where the Nanqiao Shanghai factory is located, as well as Deputy Director of Jinshan Industrial Zone and Secretary and Chairman of Xin Jinshan Development Co., Ltd. Shen Guozhong, among other leaders. Over a hundred distinguished guests from various sectors, including well-known heads of domestic industry enterprises, were present to witness the grand and celebratory ceremony.
Chairman Chen Zhengwen stated that the listing of Nanqiao Foods marks a new starting point for the company to rethink and a new driving force to set off again. “Taking from the market and using it for the market,” Nanqiao Foods, on its new journey, will join hands with customers to build a cooperative and win-win value chain and a long-term trusted partnership. Staying true to its original aspiration, it will forge ahead and dedicate itself to becoming the leader of “comprehensive solutions” in the Chinese baking industry.
Wang Hongwei, Standing Committee Member and Deputy District Mayor of Xuhui District, extended warm congratulations to Nanchiao Food. He delivered a speech stating that the company's successful listing, at this crucial period of economic and social development, is not only a milestone and a new starting point for the enterprise but will also effectively stimulate social investment enthusiasm and promote high-quality economic development.
Mainland China Foods (Stock Code 605339) operates large-scale production facilities in Tianjin, Guangzhou, and Shanghai. The company continuously strives for excellence in food safety and product quality, providing value-added and creative services to meet the evolving needs of customers in upgrading and emerging business formats. Upholding its service philosophy, Mainland China Foods continues to expand its diversified operations, establishing a network of customer service centers in 26 major cities across the country. The company consistently invests in and perfects its “all-around consultative service” concept and practice, boasting strong professional capabilities.
As a leading domestic supplier of baking ingredients such as fats and oils, and frozen dough, Nan Hwa has a trend-setting influence on the development of the industry and market due to its long-term focus on its core business, as well as numerous pioneering and forward-looking initiatives and innovations.
Today, May 18th, which sounds like “I want to prosper” in Chinese, is a lucky day for the launch in the Year of the Ox. Nanqiao Food's stock opened at the upper limit on its first day of trading, solidifying market and shareholder confidence. The future looks promising!
