JD Capital-invested FLAGCHEM Goes Public with Successful IPO

2016-12-20

On December 20, Jiangsu Flag Chemical Industry Co., Ltd. (FLAGCHEM, 300575) was listed on the Shenzhen Stock Exchange. The company is invested by the fund managed by JD Capital.

FLAGCHEM (300575) is a modern hi-tech company designated by the National Development and Reform Commission (NDRC) to engage in the R&D, production, and domestic and overseas marketing of new pesticides and other fine chemical products. It has been a pesticide exporter for 15 years, during which period it has established cooperation in active compound with multiple transnational corporations through self-support export or indirect trader export. Its pesticide products are sold in over 40 countries and regions. Clients include international tycoons such as Dow AgoSciences, Bayer Crop Science and Syngenta.

FLAGCHEM (300575) has established a complete QEHS (quality, environment, health and safety) management system, and has gained certification from well-known global authorities, including DNV ISO9001 (quality), ISO14001 (environmental protection) and OHSAS18001 (safety and occupational health).

Statistics from the China Crop Protection Industry Association (CCPIA) shows that, since as early as 2006, China has been the world’s largest producer of pesticides. As cultivated land area shrinks and grain supply strains globally, increasing the grain output per unit area of cultivated land has become our only choice. As a key means of agricultural production, pesticides play an essential role in maintaining and improving crop output.

The fund managed by JD Capital became a shareholder of FLAGCHEM (300575) in 2010 and held 20% of its shares before its IPO.

Since the beginning of 2016, nine enterprises invested by JD Capital have been or are about to be listed on the A-share market, namely FLAGCHEM (300575), Beiken Energy (002828), Fusenmei (002818), Xintai Natural Gas (603393), Dowell (300535), Monarch (002798), DKDake (300503), Rongtai (approved) and Autek (approved).