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Shandong Kingenta Ecological Engineering Co., Ltd.(Kingenta)plans to expand its controlled release fertilizer (CRFs) businesswith the fund of RMB1.5 billion raised through IPO.Kingenta will double its CRFs capacity to 1.2 million t/a fromcurrently 600 000 t/a in Linshu, Shandong province.Kingenta, founded in 1998, specializes in the R&D, manufacturingand marketing of compound fertilizers, CRFs.It is a leadingCRFs producer in Asia.The expansion of CRFs plant will help it to become the globalleading CRFs producer, Kingenta said.Upon completion of the IPO, Kingenta’s shares will starttrading on the Shenzhen Stock Market under the symbol“002470”.
Kingenta plans to expand its controlled release fertilizer (CRFs) business with the fund of RMB1.5 billion raised through IPO. Kingenta will double its CRFs capacity to 1.2 million t / a from current 600,000 t / a in Linshu, Shandong province. Kingenta, founded in 1998, specializes in the R & D, manufacturing and marketing of compound fertilizers, CRFs.It is a leadingCRFs producer in Asia. The expansion of CRFs plant will help it to become the globalleading CRFs producer, Kingenta said .Upon completion of the IPO, Kingenta’s shares will starttrading on the Shenzhen Stock Market under the symbol “002470 ”.