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Changyang Xunlong Fishery Co., Ltd. “Swims” to Dubai
2019-08-19 10:05:39

  On August 3, Hubei Qingjiang Xunlong Fishery Co., Ltd. signed a contract with Australia's JAZ Capital Group, planning to be listed on the NASDAQ Dubai Stock Exchange before August next year, which would become the first overseas listing of China's caviar industry in China.

  Qingjiang Xunlong Fishery Co., Ltd., located in Lianghekou Village, Longzhouping Town, Changyang, is a joint-stock enterprise integrating modern aquaculture, intensive processing and marketing of sturgeon caviar and import and export trade. Caviar. As the key product of the enterprise, caviar has been exported to more than ten countries and regions.

  In the second half of last year, with the support of JAZ Capital Group, Xunlong Fishery Co., Ltd. and the Nasdaq Dubai Stock Exchange, as well as a number of well-known investment banks and law firms, reached a cooperative intention, and the listing work went smoothly. In addition to participating in the whole listing process, the two investment banks are required to participate in the cooperative sale of caviar products.

  The relevant person in charge of the Municipal Local Finance Bureau said that the listing of Xunlong Fishery Co., Ltd. overseas is not only a necessary trend for the development of the enterprise, but also an inevitable requirement for Yichang to vigorously develop the capital market to encourage direct financing of enterprises. It is of great significance to effectively alleviate the financing difficulties of small and medium-sized enterprises and it has far-reaching impact on this issue.

  The pursuit of listing is an important stage for Xunlong Fishery Co., Ltd. in the transformation process. In recent years, companies have adapted to the market demand and used Qingjiang River as a unique advantage resource to continue to grow bigger and stronger. By the end of 2015, the sturgeon intensive processing Industrial Park invested and constructed by the enterprise had been put into operation in just over seven months, which indicates that the enterprise has gradually entered the stage of high-quality development from the primary stage of traditional breeding. (Reporter Gao Wei; Correspondent Fang Zijie)