DCSX has approved the conversion from technical to tradeable listing of 803.52 Million trade-able shares of Waters Years Holdings Group Limited (DCSX Symbol: WSYS) @ USD 0.70 with an initial market capitalization of USD 562,464,000. SinoTech B.V. is the mandated Listing Advisor.
The Company has been admitted for a technical listing on the DCSX in July 2017, this is an application to be admitted for trading. The Company seeking admission to trade on the DCSX is “Waters Years Holdings Group Limited”, a company registered in the British Virgin Islands, BVI, which is the Holding company of “Jilin Waters Years Agriculture Science and Technology Co. Ltd”, the operating company with actual business in Jilin City-China.
The company is engaged in the areas of agriculture research and production, with the purpose of producing supplements to improve the health of its consumers. The Company’s Board of Directors holds a total of 52.3% of the shares. To provide potential investors with some extent of comfort towards the long-term expectation of the shareholders of the Company, all directors of the Company have agreed not to trade any of their stocks or securities in any form within 12 months from the date of listing on the DCSX and/or being able to trade. The application includes all the required information based on DCSX rules and regulations.
The purpose of this application is to transition the listing from a technical to a tradable one; The Company has not and is not raising funds via the Exchange. However, the Company does not exclude the possibility of raising funds through the issuance and public offering of new securities in the future. There are four main factors serving as the reasoning behind this decision: corporate listings can improve the financial situations of the company, to increase corporate reputation, shares can be utilized as a method of payment for future acquisitions, and finally, shares can be utilized as a means of motivating employees in the future.
Further details about the business can be found on our Markets page on this website under Equities Symbol WSYS, section Company Information.