DCSX approved on May 4th, 2020, the conversion from technical to tradeable listing of 803.52 Million trade-able shares of Waters Years Holdings Group Limited (DCSX Symbol: WSYS) @ USD 0.70 with an initial market capitalization of USD 562,464,000. SinoTech B.V. is the mandated Listing Advisor.
Waters Years Holdings Group Limited (the Company) was admitted for a technical listing on the DCSX on July 14, 2017. The conversion from a Technical Listing into a Tradeable Listing was approved on May 4, 2020.
Waters Years Holdings Group Limited is a company registered in the British Virgin Islands, which is the Holding company of “Jilin Waters Years Agriculture Science and Technology Co. Ltd”, the operating company with actual business in Jilin City-China. The company is engaged in the areas of agriculture research and production, with the purpose of producing supplements to improve the health of its consumers. The Company’s Board of Directors holds a total of 52.3% of the shares. To provide potential investors with some extent of comfort towards the long-term expectation of the shareholders of the Company, all directors of the Company have agreed not to trade any of their stocks or securities in any form within 12 months from the date of listing on the DCSX and/or being able to trade.
The Company has not and is not raising funds via the Exchange. However, the Company does not exclude the possibility of raising funds through the issuance and public offering of new securities in the future. The main factors serving as the reasons to list: improving the Company’s corporate structure and clarifying the Company’s own development plans, it will enhance the brand value and market influence of the Company, makes the Company more attractive to potential employees, and will improve the Company’s competitive advantages.
Further details about the business can be found on our Markets page on this website under Equities Symbol WSYS.