July 6, 2010, Longxing Chemical Stock Company Ltd. launched its initial public offering (IPO) of 50,000,000 shares at CNY 12.5 per share for a Shenzhen Small and Medium-sized Enterprises (SME) board listing, under the stock code of 002442.SZ. The raised funds reached a total of CNY 582,001,600.

Longxing Chemical is a famous domestic manufacturer of carbon black. The company’s fixed assets stand at CNY 1.05 billion with a yearly production capacity of 200,000 tons. The company’s products are widely recognized at home and abroad.

Jingtian & Gongcheng represented the issuer in the listing.