The IPO has been approved, and the listing of this chemical company is imminent!

According to information from the China Securities Regulatory Commission, the China Securities Regulatory Commission recently approved the initial applications of the following companies in accordance with legal procedures: Lihua Yiweiyuan Chemical Co., Ltd. and Shaanxi Meibang Pharmaceutical Group Co., Ltd. The above-mentioned companies and their underwriters will negotiate with the exchange to determine the issuance schedule and publish prospectus documents one after another.

The main business of Lihua Yiweiyuan Chemical Co., Ltd. is the research and development, production and sales of new organic chemical materials in the industrial chain of "phenol, acetone-bisphenol A-polycarbonate". The main products include phenol, acetone, and bisphenol A. , Polycarbonate.

This time Lihua Yiweiyuan intends to publicly issue no more than 137.50 million RMB ordinary shares, accounting for no more than 25% of the company's total equity after the issuance. The total amount of funds raised is expected to be RMB 1,878.55 million.

The "350,000 tons/year phenol, acetone, isopropanol joint project" and the "100,000 tons/year high-purity dimethyl carbonate project" invested and constructed by the fund-raising plan were put into operation, and 350,000 tons/year of phenol and acetone were added. After the completion of the production capacity, the issuer will be the largest domestic phenol and acetone producer.