New Stock First Day | MIGAO GROUP debuts on the market with an opening price 7.35% higher in the morning session
MIGAO GROUP made its debut on the stock market, with an announcement indicating a global offering of 225 million shares at a final offering price of HKD 4.08 per share, raising approximately HKD 863 million in net proceeds globally, with each lot consisting of 1000 shares. As of the time of drafting, the stock rose by 7.35% to HKD 4.38, with a trading volume of HKD 25.7478 million. MIGAO GROUP is a Chinese domestic potash fertilizer company, specializing in various potassium fertilizer products including potassium chloride, potassium sulfate, potassium nitrate, and compound fertilizers. Throughout its historical performance, MIGAO GROUP's main products have been potassium chloride and potassium sulfate. In addition to these two main products, the company generates additional revenue from the sales of potassium nitrate, compound fertilizers, as well as other by-products and supplementary businesses. Currently, MIGAO GROUP operates five major production bases in Northeast China, North China, and South China, equipped with advanced production facilities. The company also plans to establish a new factory in Mianyang, Sichuan Province to resume the production of potassium nitrate
According to the information from the Wise Finance APP, MIGAO GROUP (09879) has been listed for the first time. The announcement shows that the company globally issued 225 million shares, with a final issue price of HKD 4.08 per share, raising approximately HKD 863 million in net proceeds from the global offering, with 1,000 shares per board lot. As of the time of drafting, the stock has risen by 7.35% to HKD 4.38, with a turnover of HKD 25.7478 million.
It is reported that MIGAO GROUP is a domestic potassium fertilizer company in China, mainly engaged in various potassium fertilizer products, including potassium chloride, potassium sulfate, potassium nitrate, and compound fertilizers. During the past performance record period, the main products of MIGAO GROUP were potassium chloride and potassium sulfate. In addition to these two main products, the company's remaining revenue comes from the sales of potassium nitrate, compound fertilizers, and other by-products and additional business.
MIGAO GROUP currently has five main production bases in Northeast China, North China, South China, equipped with advanced production equipment, and plans to build a new factory in Mianyang, Sichuan Province to resume the production of potassium nitrate