DCSX approved on February 23rd, 2021, the conversion from technical to tradeable listing of 12 Million trade-able shares of NGBA International Holdings Limited (DCSX Symbol: NGBA) @ USD 0.45 with an initial market capitalization of USD 37.8 Million. SSC Corporate Services Limited is the mandated Listing Advisor.
NGBA International Holdings Limited (“the Company”) was admitted for a technical listing on the DCSX on September 25, 2020. The conversion from a Technical Listing into a Tradeable Listing was approved on February 23, 2021.
The Company was incorporated in the British Virgin Islands, and acts as the ultimate holding company of the operating company with actual business in China: Zhejiang NGBA Data Technology Co., Ltd (ZHEJIANG NGBA), a modern E-Commerce business company founded in 2014, operating in Zhejiang Province.
The Group has developed an online trading platform that allows them to offer their products and services around China. Its primary products and services include agriculture data collection and analysis, agriculture application development, database management services, software technology development, online sales of primary edible agricultural products, fertilizers, feed, farm tools, agricultural machinery, crop pest prevention, and control services.
The operating company is dedicated to grasping production and sales dynamics based on data analysis in order to reduce overall production costs. It continually implements new technology into the countryside and serves farmers in the way of offering knowledge and assistance. As China has been experiencing a significant boom in E-commerce, many agricultural businesses are investigating or have already implemented e-commerce as a strategy to offset restrictions resulting from COVID-19; in order to capitalize on this opportunity, the Group has set its business development plans which include: strengthening their technology platform, increasing adoption of blockchain agriculture, expansion of complementary ecosystem products and services, cooperation with postpartum care centers.
Further details about the business of the company can be found on our Markets page on this website under Equities Symbol NGBA.