Zibo Chemical Makers Turns to Equity Exchange for Fund-Raising     

Shandong Zibo Zhenghua Additives Co., Ltd. was listed on the Tianjin Equity Exchange on July 2nd to raise fund.
   Based in Zibo, Shandong province, Zhenghua is China's leading manufacturer of initiator for super-polymer, mainly producing organic peroxide products such as EHP, DNP and TMHP. The company has annual sales of RMB150 million and takes a domestic market share of 52%. It has a total share capital base of 12 million. The company aims to raise RMB9 million by selling 1.5 million shares at RMB6 apiece in this private placement.
   Shandong Baoyuan Chemical Co., Ltd., also based in Zibo, has been listed on the Tianjin Equity Exchange on May 27th. The company annually produces 6 000 tons of hydroxylamine hydrochloride, more than 10 000 tons of nitromethane, and over 12 000 tons of calcium formate.