Euronext Paris SA a décidé l’admission sur Alternext des 4 286 264 actions existantes composant le capital de la société de droit luxembourgeois CHINA CORN OIL ( www.chinacornoil.com ).
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Cette admission est réalisée à la suite d'un placement privé de 5 M€ auprès d'investisseurs qualifiiés, sous forme d'augmentation de capital exclusivement.
Conditions d'ouverture des négociations
Euronext Paris fait connaître qu'à partir du 25 mars 2008, les actions composant le capital de la société CHINA CORN OIL seront admises aux négociations sur Alternext selon la procédure de cotation directe.
Cours de référence : 19,83 €
La cotation se déroulera selon les règles habituelles du groupe de cotation EA.
Principales caractéristiques des titres admis:
Nombre de titres à admettre: 4 286 264
Valeur nominale: 1,70 EUR
Date de jouissance: 19/12/2007
Forme des titres: Bearer
Listing sponsor: INVEST SECURITIES
Service financier: BNPPARIBAS SECURITIES SERVICES 30
Secteur ICB: 3577 Food Products
Cotation:
Grpe Cotation: EA Cotation: Fixing
Quotité: 1 Devise: EUR
Unit / %: Unit SRD: No
Guarantie R/L: Yes Dépositaire local: Euroclear France
Libellé: CHINA CORN OIL
ISIN: 5 LU034012691 Code Euronext: LU0340126951
Mnémonique: ALCCO
The Company is the first company to specialize in the production of edible corn oil in China
The WANG brothers, with their keen market insight, realized that there would be a bright future for edible corn oil industry well before 1998. As a result, the business of the Company started in 1998 focusing on the development of new edible corn oil products.The Company is presently operating all the assets devoted by the Sanxing Group to this activity.
The Company is the largest specialist producer and exporter of edible corn oil in China
Currently, more than 35% of the edible corn oil on sale in China¡¯s domestic market is supplied by the Company. The Company sells its products under its own brand name, Longevity Flower. At the same time, it sells in bulk to other businesses which bottle and resell on the market under different brand names. During 2004, the 250,000 tons capacity of corn oil production of the Company was included in the National Torch Plan by the Ministry of Science and Technology to recognize the importance of the project.
Corn oil is a germoil and contains more essential ingredients than regular seed oils.
Corn oil distinguishes itself from other vegetable oils through its high content in essential fatty acids (56%), vitamin E, phytosterols and other important minor components such as coenzymes Q9 and Q10. Essential fatty acids (omega-6 linoleic acid and omega-3 alpha-linolenic acid) are essential biological elements that must be absorbed through food as the body itself is unable to synthesise them.
The essential fatty acids in corn oil can help to:
• Prevent high blood pressure.
• Slow down diabetic effects.
• Combat obesity.
• Keep up the immune system. Corn oil contains approx 45 mg vitamin E per 100 g. Vitamin E is important for the protection of cell membranes. It is a major antioxidant responsible for actively capturing free radicals. Phytosterols have a markedly favourable effect on cholesterol levels (lowering effect). Phytosterols and their derivatives decrease the intake of bad cholesterol (LDL), thereby reducing the chances of heart and vascular disease. Phytosterols also decreases the risk of colon cancer. Compared to other vegetable oils, corn oil has the highest phytosterol content.
Applications
As a result of its universal properties and high heat stability, corn oil is used for a wide range of applications:
•As general cooking oil it is used for frying, baking and deep-frying.
•Due to its rich flavour and high vitamin content it is used for cold preparations such as salads, sauces, mayonnaise and vinaigrettes.
•In industrial applications as a stable frying oil in the snackfood industry.
•Due to its high vitamin E content, the oil is used for the treatment of skinburns, in cosmetics and also as baby oil.
| Corn oil composition |
|
Energy |
3,700 kJ = 900 kcal |
| Protein | 0 g |
| Carbohydrates | 0 g |
| Fats | 100 g |
| Saturated fats | 13 g |
| Mono-unsaturated fats | 30 g |
| Poly-unsaturated fats | 56 g |
| - of which linolic acid (omega-6) | 55 g |
| - of which linolic acid (omega-3) | 1 g |
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Comparisons |
|
Common Edible Oil |
Corn oil | Peanut oil | Soybean oil |
| Materials | domestic | Domestic | imported |
| Unsaturated fatty acid | 86% | 79% | 81% |
| linoleic acid | 58% | 29% | 51% |
| linolenic acid | 0.5% | 0£0.3% | 8% |
| Vitamin E | 70mg | 18mg | 60mg |
| Antioxidants | none | unsure | unsure |
| Sitosterol | 1.66% | 0.19% | 0.21% |
| Main defects | None | Unable to completely remove carcinogenic substances: aflatoxin | The effect of the genetically modified soybean products on human health is still controversial |
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Wang Mingxing, |
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Wang Fuchang, Mr. Wang is an ex-banker. He joined Sanxing in 2005 as Deputy General Manager of the Sanxing Group and is now CFO and Director of the Company. Working experience: 1980 to 1992: Shandong Yangxin Food Co., Ltd CEO 1992 to 2000: Bank of China Bingzhou Branch, Manager 2000 to 2005: Bank of China, Zouping Branch, Director 2005 to now: Shandong Sanxing Group Co., Ltd Deputy General Manager 2006 to now: Shandong Sanxing Corn Industry Science Co., Ltd CFO & Director |
1998
• The business of the Company started on July 8. Total investment: RMB 3 million yuan. Register capital: RMB 4.26 million. Employees: 50.
• The production commenced on November 11. Annual processing capacity of corn embryo 10,000 tons and refining of crude corn oil: 4,300 tons.
1999
• Processing capacity of corn embryo increased from 10,000 tons to 20,000 tons.
2000
• Processing capacity of corn embryo increased from 20,000 tons to 30,000 tons.
• Construction of a new refining production line with an annual capacity of 10,000 tons
2001
• Passed ISO9002 certification, the first one in China among peers.
• Company¡¯s standards have been recognised to form the basis for formulating national standards for corn oil processing enterprises.
• Longevity Flower, the Company brand name, has been voted ¡°Safe Food Product¡± by consumers throughout the country.
• The Company was selected to become an R&D centre for Jiang Nan University.
• Processing capacity of corn embryo increased from 30,000 tons to 100,000 tons.
• Refining capacity of corn oil increased from 10,000 tons to 30,000 tons.
2002
• Processing capacity of corn embryo increased from 100,000 tons to 150,000 tons.
• Refining capacity of corn oil increased from 30,000 tons to 50,000 tons.
2003
• The Sanxing Group secured the right to export corn oil through its own trading company, a privilege granted to the best managed companies in China.
• First shipment of 1000 tons of corn oil to Oman, the first export of corn oil from China
• A total of 4000 tons of corn oil was exported to countries in the Middle East and South Eastern Asia.
• The Company was recognised as High-tech/New-tech company of Shandong province
• Longevity Flower was rewarded as Environmentally Friendly product of China
• Refining capacity of corn oil increased from 50,000 tons to 100,000 tons.
2004
• Increase of registered capital to RMB 50 million.
• Construction of three automatic packaging production lines.
• Construction of production line of sunflower seed oil and blended oil .
• The products were awarded ¡°Safe and Healthy Food Product¡± by National Quality Inspection Association.
• Recognised by the Ministry of Agriculture as a key enterprise among China¡¯s township enterprises.
2005
• The Company passed ISO9001-2000 certification and ISO14000 certification
• Longevity Flower was awarded top ten famous brands of edible oil industry in China
• Longevity Flower corn oil was designated as Healthy Food by the Association of Food Industry in China
2006
• Ms Ni Ping, a celebrity presenter of CCTV, was engaged to be image spokesman for the Company.
•The Company was designated as a key High-tech company in the National Torch Programme by the Ministry of Science.
• The production capacity of 250,000 tons of crude and edible corn oil was recognised as one of the key projects in the National Torch Programme.
• Longevity Flower corn oil was exempt from quality inspection by the State General Administration of the PRC for Quality Supervision and Inspection and Quaratine.
