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    3. CSRC Approves IPO of JD Capital-invested Junesun Fungi

      2015-05-22

      On May 22, China Securities Regulatory Commission (CSRC) announced that Tianshui Junesun Fungi Technologies Co., Ltd. (hereinafter referred to as Junesun Fungi) invested by JD Capital was approved to launch the Initial Public Offering (IPO), and would be listed on main-board market soon.

      As an enterprise in agricultural industrialization, Junesun Fungi specializes in the R&D, production and marketing of edible fungus. It is recognized as the “National Leading Enterprise in Agricultural Industrialization” by eight ministries and commissions, including the Ministry of Agriculture, the Ministry of Finance and National Development and Reform Commission. The company mainly deals in the production and sales of edible fungus and medicinal fungus; R&D, application and popularization of microbial technology, bioengineering technology and new agricultural technologies; and the production, processing and sales of subsidiary agricultural products and native products. 

      By applying an industrialized production model and introducing the world’s advanced equipment, Junesun Fungi adopts automated and mechanized production methods from raw material allocating, inoculating and fungi cultivating to product packing. This model greatly improves the production efficiency of edible fungus and guarantees safety and reliability. Therefore, the company is able to resist market risks effectively and enjoy prominent scale effect.

      According to China’s Edible Fungus Yearbook, the output of fungus and their output value have been increasing rapidly for consecutive years since 2000. By 2014, the annual output of factory-like edible fungi production nationwide rose by 25 times, and the compound annual growth rate reached 49%. It is predicted that the market of edible fungus will keep increasing rapidly, and the huge market demand will contribute to increasing the company’s profitability.

      JD Capital became Junesun Fungi’s shareholder in July, 2011, holding 15.68% stake before the public offering. So far, five companies of JD Capital’s invested projects have been listed on the A- share market, and 30 listed on the NEEQ


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