Livzon goes public in HK
2014-January-17 Source: China Daily Website
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Livzon Pharmaceutical Group Inc, a Guangdong-based pharmaceutical products provider, went public on the Hong Kong Exchange on Thursday.

It is the second company after China International Marine Containers (Group) Ltd to turn its B shares, or foreign stocks denominated by renminbi traded on the Chinese mainland, to H shares.

After the listing, Livzon holds 296 million shares in total, 184 million A shares and 112 million H shares.

The company registered 3.48 billion yuan ($576 million) in net assets attributed to stockholders by the third quarter last year. Its current net asset value per share is 11.77 yuan.

Livzon predicted 486 million yuan in total profits in 2013, up 10.08 percent year-on-year, according to its profit forecast on Tuesday.

Editor: 张斯
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