Issue Date: June 29, 2009
Chinese Firm Goes Public In U.S.
Shanghai-based Chemspec International raised $57 million through an initial public offering on the New York Stock Exchange. The company bills itself as China's largest producer of custom-made fluorinated specialty chemicals used in the global pharmaceutical, electronics, and agrochemical industries. Most of the money raised will go to expand production and R&D facilities located in China's industrial heartland in Shanghai, Jiangsu, and Zhejiang.
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