Dongjiang Environmental and Longquan Pipeline to land on SME Board

Apr.25, 2012

Shandong Longquan Pipeline Engineering Co., Ltd.(Stock Code:002671) and Dongjiang Environmental Company Limited(Stock Code:002672) to land on Shenzhen Stock Exchange SME Board on April 26th,2012.

Longquan Pipeline IPO volume is 23.60 million with the post-IPO share capital totaling 94.37 million yuan, the offering price of 21.00 yuan per share, the raised funds expected up to 496 million yuan.
Shandong Longquan Pipeline Engineering Co., Ltd. principally engages in sells and installs prestressed concrete cylinder pipes, prestressed concrete pipes and reinforced concrete drainage pipes. The Company’s main product is prestressed concrete cylinder pipes. In 2011, its operating income reached 544 million yuan with the net profit of about 72.27 million yuan.

Dongjiang Environmental IPO volume is 25 million with the post-IPO share capital totaling 150.47 million yuan, the offering price of 43.00 yuan per share, the raised funds expected up to 1.08 billion yuan.
Dongjiang Environmental Company Limited principally engages in treats industrial and municipal waste, and provides value-added support services. The Company’s main products include copper sulfate, copper oxychloride, copper oxide, and copper. In 2011, its operating income reached 1.50 billion yuan with the net profit of about 204 million yuan.