CSRC approves Taihe Holdings' IPO on the Shenzhen Stock Exchange ChiNext.

On January 9th, the China Securities Regulatory Commission issued the "Approval for the First Public Offering of Stocks by Nantong Taihe Chemical Co., Ltd." It is reported that Taihe shares plan to be listed on the Shenzhen Stock Exchange's Growth Enterprise Market (GEM). The IPO sponsor institution is EB SECURITIES, with plans to raise 1.04493 billion yuan. The prospectus shows that Taihe is mainly engaged in the research, production, and sales of pesticide products and functional chemicals. The company holds the industry-leading position in three core products including Baijuncing, Mijunso and 2,4-D, and is at the industry-leading level in production scale and comprehensive technology. With its own technology as the foundation, enriched manufacturing management experience, and good international market reputation, the company sells and customizes products for global customers, and is a group manufacturing enterprise with industry-leading positions in core technology, core processes, and core products. In recent years, relying on good product quality, stable production and supply capacity, and strong technological research and development capabilities, the company has established long-term strategic cooperation relationships with many multinational companies such as Syngenta, Dow, NewFarm, ADAMA, UPL, Honeywell, covering major markets in South America, North America, Southeast Asia, Europe, and other regions globally.