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PR Newswire
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China Xiangtai Food Co., Ltd Completes the First Day of Trading on NASDAQ with Shares Closing at $5

CHONGQING, China, Aug. 14, 2019 /PRNewswire/ -- China Xiangtai Food Co., Ltd. (Nasdaq: PLIN) (the "Company" or "PLIN"), an emerging growth company primarily engaged in pork processing in China, commenced trading on the Nasdaq Capital Market on August 14, 2019 under the ticker symbol "PLIN". Shares closed at $5 in the Company's Nasdaq debut despite stock market crashed.

On May 10, 2019, the Company announced the closing of its initial public offering ("IPO") of 1,172,360 ordinary shares at a price to the public of $5.00 per share for a total of $5,861,800 in gross proceeds before expenses, underwriting discount and commissions.

Zeshu Dai, Chairwoman of the Board and Chief Executive Officer of the Company, commented, "Our first day of trading was unfortunately timed as equity markets across the world experienced volatility. Despite these tailwinds, we are pleased with the trading performance as the shares closed at the IPO price of $5.00 per share. We appreciate the support of our investors and team members in making our public listing a reality and we hope to repay this faith by demonstrating the fundamental strength of our business model in the years to come."

About China Xiangtai Food Co., Ltd.

Headquartered in Chongqing, China, China Xiangtai Food Co., Ltd, is a food company primarily engaged in pork processing. The Company's operations span key sections of the pork processing value chain, including slaughtering, packing, distribution, and wholesale of a variety of fresh pork meat and parts. The Company offers fresh and processed products, including a variety of pork, beef, lamb, chicken, duck, and rabbit products. Through its core values, the Company is committed to maintaining the highest standards of food safety, product quality, and sustainability to provide high-quality, nutritious, and tasty food in a responsible manner through its portfolio of trusted brands. For more information, please visit http://ir.plinfood.com/.


For more information, please contact:

Company Contact

Mr. Xiaohui Wu, President
China Xiangtai Food Co., Ltd.
Phone: +86-1860-117-0697
Email: ir@cqplinfood.com

Investor Relations Contact

Ms. Tina Xiao, President
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com

SOURCE China Xiangtai Food Co., Ltd.
Related Links

http://ir.plinfood.com
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