Feb. 5, 2010, common RMB stock of Yantai Jereh Oilfield Services Group Co., Ltd. was launched in Shenzhen Stock Exchange, the stock name was abbreviated as "Jereh Stock", and its stock code was "002353".
Jereh Stock submitted initially its IPO application documents On Mar. 27, 2008. On Nov. 16, 2009, we passed the audit of the Public Offering Review Committee of China Securities Regulatory Commission, and on Jan. 14, 2010, obtained IPO approval documents from China Securities Regulatory Commission. The initial public offering was for 29,000,000 shares of common RMB stock, after the IPO, the total stock shares would be 114,818,000 shares, the offered price was RMB 59.50 yuan / share, among which 23,200,000 shares were launched through the first public offering and were publicly traded from Feb. 5, 2010. On the first day of its public trade, Jereh Stock opened up by 9.24% higher than IPO price and reached to be RMB 65.00 yuan, as closing of the stock market on the same day, Jereh Stock rose by 12.91% to be RMB 67.18 yuan/share, and the share exchanging rate was 76.15%.
Mr. Sun Weijie (left 1), the Board Chairman of Jereh Group
and the attendees of other IPO companies toll the opening bell
Mr. David Sun, the Board Chairman of Jereh and
Yantai local officials present the opening ceremony of Jereh Stock