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Refinancing of Far East-invested Coming Science and Lingzhi Environmental Protection Approved

Date time:2017-12-01点击量:704作者:

    Far East Holding Group, a global investment management expert, has adhered to the development strategy of “main business + investment”, with its business focusing on smart energy, massive health, large consumption, great culture, food and beverage, advanced manufacturing, industrial automation, TMT and cloud computing. In November 2017, the capital market of Far East invested enterprises received good news: Lingzhi Environmental Protection Co., Ltd. (hereinafter referred to as “Lingzhi Environmental Protection”, stock code: 831068) was approved by CSRC to issue new shares and Coming Science Co., Ltd. (hereinafter referred to as “Coming Science”, stock code: 600076) received the letter on approving the transfer and transaction of non-public offering corporate bonds from Shanghai Stock Exchange.

    On November 20, 2017, Lingzhi Environmental Protection announced that the company was approved by CSRC to issue not more than 18.5 million new shares and raise a fund of not more than RMB 250 million within a 12-month period of validity.


    Founded in May 1998, Lingzhi Environmental Protection Group has a total asset of nearly RMB 1 billion, composed of over 10 operation entities: Lingzhi Environmental Protection Co., Ltd., Jiangsu Lingzhi Environmental Protection Engineering Co., Ltd., Jiangsu Lingzhi Environmental Protection Equipment Co., Ltd., Lingzhi Cyber Technology Co., Ltd., Jiangsu-Palo Alto Environmental Protection Technology Research Institute Co., Ltd., Jiangsu Lingzhi Sludge Treatment Co., Ltd., Fuyuan Qingyuan Sewage Treatment Co., Ltd., Shuyang Lingzhi Water Affairs Co., Ltd., Siyang Lingzhi Water Affairs Co., Ltd. and so on. Over 17 years of development, Lingzhi Environmental Protection has grown from a single manufacturer to a service-based environmental protection enterprise integrating technology innovation, design and contracting. The company is dedicated to urban sewage treatment BOT and general contracting, engineering design for sewage treatment, and R&D and manufacturing of environmental protection equipment.

    On November 10, 2017, Coming Science announced that the company had received the Letter on Approving the Transfer and Transaction of Non-Public Offering Corporate Bonds of Coming Science from Shanghai Stock Exchange (SSE). SSE states in the Letter that it considers Coming Science eligible to issue non-public offering corporate bonds to qualified investors according to SSE’s relevant regulations. According to the Letter, Coming Science can issue non-public offering corporate bonds worth not more than RMB 1 billion to qualified investors, and the bonds will be underwritten by China International Capital Corporation Limited (CICC) within 12 months starting from the issuance of the Letter.

    Coming Science is a leading enterprise in China’s forestry industrialization, dedicated to seedlings growing, forestation and intensive timber processing. Its main businesses include R&D, design and production of container soleplates, structural lumbers and timber houses. Founded in 1998, Coming Science is based in Wuhan, Hubei Province, owning five subsidiaries i.e. Hubei Kangxin New Material Technology Co., Ltd., Hubei Coming Science Development Co., Ltd., Hubei Kangxin Investment Management Co., Ltd., Hubei Tianxin Timber House Manufacturing Co., Ltd. and Jiashan Xinhuachang Wood Industry Co., Ltd. The strategic goal of Coming Science is to become a leader in forest industry and a world leading supplier of new sustainable biomass materials and application products.

    Far East Holding Group has achieved repeated success in investment to fellow enterprises, yielding fruitful harvest in overall investment. By November 30, 2017, the number of companies invested by Far East Holding Group had reached 339, among which 96 were listed companies (28 listed in the New Third Board) and 12 preliminarily disclosed.


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