Sino Biological Announces Successful Closing of 4.98 Billion RMB Public Offering and Listing on the Shenzhen ChiNext Stock Exchange

Sino Biological, Inc. (“Sino Biological” or the “Company”), a biotechnology company which provides biological research reagents and related technical contract research services, announced a successful listing on the Shenzhen Stock Exchange subsidiary ChiNext under the stock abbreviation Sino Biological and stock code 301047. A total of 17 million shares were issued for a total of 4.98 billion RMB raised during this initial public offering.

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Sino Biological's successful listing on the capital market is an important milestone in its strategic plan for growth. While justifying its current business model and portfolio, this offering also conveys a new starting point for the company’s future growth and development, providing the financial backing for broad and rapid expansion of Sino Biological’s existing capabilities. Dr. Liangzhi Xie, Chairman of Sino Biological, expressed in his speech at the listing ceremony that, through this offering, “Sino Biological will now be able to further enhance its strength in as one of the world’s leading providers of research reagents and services, while simultaneously improving its competitiveness and profitability. These endeavors will bring multiple benefits to investors such as increased shareholder value while positively impacting the health and well-being of society.”

The Listing Ceremony

As a high-tech enterprise, Sino Biological specializes in the research, development, production and sales of biological reagents such as ...

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