Lianhe Chemical Technology to List on Domestic Stock Market      

Lianhe Chemical Technology Co., Ltd. is launching an initial public offering of 32.30 million shares at an issuing price of RMB10.52 per share from June 5th. The company will then get listed in Shenzhen Stock Exchange with a code of 002250.
   The company is engaged in the research, development and production of fine chemicals. Major products include pharmaceutical and pesticide intermediates. Nearly 80% of products are exported. The total operating revenue accomplished in 2007 was RMB987 million.
   Funds to be raised from the stock market will be used in the renovation of the 2 500 t/a aryl nitrile project, the new construction of a 600 t/a XDE herbicide production line and a R & D center.