Fufeng Group

Infobox Company
company_name = Fefung Group
阜丰集团
company_
company_type = Privately held company
genre =
foundation = 1999
founder =
location_city = flagicon|China Junan, Shandong
location_country = China
location =
origins =
key_people = Chairman: Mr. Li Xuechun
area_served = People's Republic of China
industry = monosodium glutamate and xanthan gum
products =
services =
revenue =
operating_income =
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num_employees =
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company_slogan =
homepage = [http://www.fufenggroup.net/ENGLISHban/ywindex.asp Fufeng Group]

Fufeng Group (hkex|546) is the largest private-owned monosodium glutamate (flavour enhancer) 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. [ [http://finance.sina.com.cn/stock/t/20070209/03341208913.shtml finance.sina.com.cn] (in Chinese)] 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. [ [http://www.mpfinance.com/htm/Finance/20070707/News/ec_eck4.htm ww.mpfinance.com] (in Chinese)] [ [http://hk.jrj.com.cn/2007/08/210000399153.shtml hk.jrj.com.cn] (in Chinese)] Its share price showed the poorest performance among all newly-listed stocks in 2007. [ [http://www.infocastfn.com/victory_portal/IpoExpress/IpoPerformance.asp www.infocastfn.com] ]

Links

* [http://www.fufenggroup.net/ENGLISHban/ywindex.asp Fufeng Group]

References