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PR Newswire
22-04-2017, 02:14 PM
Sunsine's competitor, Kemai, wanted to list on a stock exchange in late 2015.
A Beijing business article (link below) in Apr 2017 mentioned that Kemai has submitted its IPO application recently.
http://stock.stcn.com/2017/0419/13262381.shtml
The article mentioned that Kemai's Inner Mongolia's subsidiary was fined for breaching environmental requirements and was ordered to improved its production capabilities.
The article also mentioned that in June 2016, Kemai's Tianjin plant also breached safety requirements and was ordered to stop production for 35 days.
Kemai's performance between 2014 and 2016 is also on a downward trend.
With these issues, Kemai's IPO application will subject to much scrutinies by the authorities and may not be successful.
A Beijing business article (link below) in Apr 2017 mentioned that Kemai has submitted its IPO application recently.
http://stock.stcn.com/2017/0419/13262381.shtml
The article mentioned that Kemai's Inner Mongolia's subsidiary was fined for breaching environmental requirements and was ordered to improved its production capabilities.
The article also mentioned that in June 2016, Kemai's Tianjin plant also breached safety requirements and was ordered to stop production for 35 days.
Kemai's performance between 2014 and 2016 is also on a downward trend.
With these issues, Kemai's IPO application will subject to much scrutinies by the authorities and may not be successful.