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- Fenghua is the third Chinese issuer to introduce its shares to the WSE Main Market
- The Chinese company is the 60th foreign issuer listed on WSE
Shares of the Chinese company Fenghua SoleTech have been newly listed on Warsaw Stock Exchange today. The issuer is the 467th company listed on the Main Market and the 23rd new listing on the market in 2014. Fenghua is the third Chinese company and the 50th foreign company listed on the WSE Main Market.
After today’s new listing, both equity markets of Warsaw Stock Exchange list 60 foreign issuers from several dozen countries. The biggest numbers of issuers originate from Ukraine, the Czech Republic and Israel. The new listing of the Chinese company on WSE is a result of the consistently pursued strategy aimed at strengthening the international position of the Exchange by increasing the number of foreign issuers, brokers and investors, including those from outside Central and Eastern Europe.
“We are glad that a third Chinese company has been newly listed on Warsaw Stock Exchange. We hope that more foreign issuers will follow suit. The presence of foreign companies on the exchange strengthens its international profile and first and foremost complements the offer for local investors and attracts new ones. We will continue to actively seek and acquire foreign issuers,” said Paweł Tamborski, President of the Management Board of WSE.
“Our listing on the stock exchanges in Warsaw and Frankfurt will let us establish relations with local investors. I am certain that the investor relations will pay off in the future as we continue to grow in the course of time. This concerns Fenghua as much as the broader trend where European investors increasingly put their trust in good Chinese companies. With our presence on European stock exchanges we also come closer to many potential clients: shoe manufacturers, including those in Poland. This is a very important factor which will have a positive impact on the future growth of Fenghua,” said Weijie Lin, General Director of Fenghua SoleTech.
Fenghua is one of the biggest producers of soles for sport and leisure shoes. The company produces over 40 million pairs of soles, mainly based on proprietary designs. The client pool of Fenghua SoleTech includes local and global sport shoe manufacturers.
The shares of Fenghua are also listed on the regulated market of the Frankfurt Stock Exchange (Deutsche Boerse AG) as of 6 November 2014.
