DCSX has approved the listing of a maximum of 50 million shares of MC Agro International Holding Limited (DCSX Symbol: MCAG) @ USD 1.20 with an initial market capitalization of USD 60 million. Nanjing Zfast Consulting Limited is the mandated Listing Advisor.
MC Agro International Holding Limited is a limited liability company incorporated in the Territory of British Virgin Islands on September 28th, 2020, as the holding company of a group of subsidiaries and the operating entity in PRC, Ruian Chaoyang New Materials Technology Limited, founded in November 2010. The company is specialized in producing bale net wrap and pallet net wrap, which are mainly used in agricultural harvesting. The company is a national high-tech enterprise, a high growth industrial enterprise in Ruian City in 2019, and the first batch of white list enterprises to resume work during the COVID-19 epidemic period in 2020, is also one of the key export enterprises. The company has the following patents: 1 invention patent (in trial), 17 utility model patents, 3 appearance patents, 5 trademarks, etc. More than 90% of our products are exported to overseas markets, including North America, West Europe, South America, etc. Focusing on the company’s strategy, the company has formulated specific strategic objectives, corresponding timetables, and key quantitative indicators. It is estimated that the company’s main business income will reach 299 million RMB in the middle of 2023.
The Company is applying to a tradable listing of all its issued shares, but does not raise or will not raise or receive new funds with this listing. However, the Company and/or its shareholders may wish to trade their existing shares through listing on the DCSX, thereby creating liquidity for the Shares. The Group does not exclude the possibility of raising funds through the issuance of new securities in the future.
Further details about the business can be found on our Markets page on this website under Equities Symbol MCAG.