London Stock Exchange welcomes China Rerun to AIM
Friday 18th October 2013
London Stock Exchange today welcomed China Rerun Chemical Group Ltd (“China Rerun” or “the Company” or “the Group”) to open its UK Markets, celebrating the admission of its shares for trading on AIM which commenced on Wednesday 16th October 2013.
China Rerun is an established and profitable producer of lubricant products for the Chinese domestic automotive, industrial and agricultural markets operating in Daqing, Heilongjiang Province (PRC). The Group is one of the best-selling lubricant brands in its home province and has received a number of awards for its brand, trademark recognition and for the quality of its products.
China Rerun recently established an innovative new sales channel, mobile servicing, which aims to enhance brand awareness and increase sales of its premium products.
Commenting on the Company's AIM listing, Mr Xinghe Wu, Executive Chairman of China Rerun said: "Having established this business as a start up some 20 years ago, I am delighted that we have successfully admitted to AIM which represents a significant milestone for China Rerun. Demand for premium quality lubricant oils remain strong, supported by the growing domestic automotive and industrial sectors. With our high quality products and well known brands, we are strongly placed to take advantage of this significant opportunity and this together with our listing on AIM will provide a platform for future growth.”
Cairn Financial Advisers LLP is the nominated adviser and Beaufort Securities Limited is the broker to the Company.