Thursday, October 16, 2008

Fufeng Group

Fufeng Group is the largest private-owned monosodium glutamate and the second largest xanthan gum producer in Mainland China. Its products include flavour enhancer, xanthan gum, fertilizer and starch sugar substitute. Its headquarter is in Shandong province. Its CEO is Mr. Li Xuechun.

Fufeng was listed on the Hong Kong Stock Exchange on February 8, 2007 with IPO price at HK$2.23 per share. Its share price at the first trading day was HK$3.01, with 35% increase compared with its IPO price. However, after issuing profit warning and profit decline at the first half year in 2007 due to a rise in the price of corn, its share price dropped below IPO price and currently below HK$1. Its share price showed the poorest performance among all in 2007.

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