Yantai North Andre Juice Transfers To HKEX Main Board

Source: Capital Vue

December 24 – Yantai North Andre Juice (8259.HK) won the approval of Hong Kong Exchange and Clearing Limited to transfer its listing from the Growth Enterprise Market (GEM) bourse to the Main Board, reports finet.hk, citing a company filing. The last day of the company’s H-share trading on GEM is January 18, 2011 and trading in the H shares on the Main Board (new ticker: 2218.HK) will begin on 19 January 2011.

The directors believe that listing on the Main Board will enhance the company’s image and attract larger institutional and retail investors.

The company makes and sells juice concentrate, extracts, foodstuffs and related products. It owns nine juice concentrate factories, one fruit mashing plant, and one pectin processing base.

For the first half of 2010, the company generated 10.46 million yuan in net income, a 33.05-percent year-on-year decrease.

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