Xinhuanet, Beijing, December 24th. At 4:00 p.m. US time on December 22, 2017, Li Hengfang, chairman of REIT Ecological Co., Ltd. (REIT Shares), and other company executives and company employees held a closing session on Nasdaq in Times Square, New York. Bell Celebration. REIT shares rang the bell on Nasdaq on the 22nd, and will continue to make efforts in the future of ecological and environmental protection construction industry. Li Hengfang, a shareholder of Ruitu, said that the successful listing of REIT shares on Nasdaq on November 29th is not only an important milestone in the company’s development history, but also a docking A new starting point for the capital market to take off again.
Li Hengfang said that the successful listing of REIT shares on Nasdaq on November 29 is not only an important milestone in the company’s development history, but also a new starting point for taking off again after connecting to the capital market.
Li Hengfang said that from the beginning of serving foreign companies to independent research and development, the company now has more than 80 patents, and its products are exported to dozens of countries such as the United States, Canada, India and Brazil.
It is understood that a total of 28 Chinese companies have landed on the U.S. main board market this year. The REIT listed on the Nasdaq at an issue price of $5.00 per share on the listing day and closed at $8.34 per share on December 22, an increase of 67%. During the period, the stock price rose as high as $12.75, an increase of 155%.
According to Dai Guangfeng, chief operating officer of REIT, it is expected that China’s urban population will reach 60% by 2020, and the urbanization trend is the vane of the Chinese government’s emphasis on green and energy-saving buildings. The new green building area will account for 30% of the total building area in the same year. This is a great benefit for REIT shares, which are engaged in the design, development, processing and sales of eco-friendly building materials and production equipment for environment-friendly building materials.
Established in 1999, REIT is engaged in the design, development, processing and sales of ecological and environmental protection building materials and production equipment for environmental protection building materials; it provides domestic and foreign customers with solid waste such as tailings, fly ash and other solid wastes to produce wall materials, pavement materials, water conservancy Technical processes and complete solutions for products such as blocks and landscape materials. In 2016, REIT achieved a 132% increase in the revenue of the eco-friendly building materials business, while the eco-friendly building materials equipment and equipment business increased by 101%.