The  HEC Pharm Group was formally listed at the Hong Kong Stock Exchange on Dec. 29, 2015, turning to be the first Yichang enterprise listed in the Hong Kong Stock Exchange with the form of H shares and the second enterprise listed in Hong Kong after the Jinsanxia Yinwu Co. Ltd. (with red-chip mode).

The listing ceremony was held at 8:30 a.m. at the Hong Kong Stock Exchange. The municipal Party committee and government of Yichang City sent congratulatory messages. Zhang Zhongneng, Chairman of HEC Pharm Group, Tang Xinfa, the CEO of Yichang HEC Pharm Group, Hu Zhili, the Yidu deputy Party secretary and acting mayor, and Xu Sheng, the vice mayor, attended the ceremony.

HEC Pharm Group focuses on the medicine’s invention, production and selling in the field of antidote, internal secretion and angiocarpy. Its anti-influenza drug, named Kewei (Oseltamivir), ranked first in both 2013 and 2014 in terms of its sales revenue at domestic market.

This time HEC will issue 90.132 million H shares globally and each share is 15 HKD. 200 H shares will be sold each time at Hong Kong Stock Exchanges. The total selling funds are 1.255 bln HKD. The funds will be mainly invested in the building of new oral liquid and insulin factories.

In order to promote the industrial transformation and upgrade, the Yidu government sets up nearly 100 million Yuan as scientific and technical innovation fund. The fund is aimed at helping the enterprises transform to biological medicine and modern manufacturing industry. Yidu also offers 300 thousand Yuan to 5 million Yuan award for the enterprises that are listing in new Three Board, Four Board, domestic Main Board and international markets.

Now there is one company listed in Hong Kong market, and two companies completed signing up to be listed in Hong Kong. And 3 companies are listed in new Three Board, 7 in Four Board, 11 in new Three Board storage companies and 6 in domestic Main Board. Besides, the Yidu government has attracted one listing enterprise in American Nasdaq and 6 listing enterprises at domestic market to settle down in Yidu. (Reporter: Li Pengfei; correspondents: Li Guangcao, Zhang Li)