Hunan Fireworks Enterprise to Be Listed on Canada’s Stock Market

Editor:Sharon Lee
Source:www.enghunan.gov.c
Good news came from the International Investment &Financing Summit for the Global Fireworks Industry held in Liuyang City on May 23 that Hunan Huasheng Firework Co., Ltd is expected to become listed on the venture board of Toronto Stock Exchange in Canada successfully with the name of " Liuyang Fireworks and Firecrackers". The company's shares are scheduled to be traded at Toronto Stock Exchange at the end of May or the beginning of June of this year. It then becomes the first Chinese fireworks enterprise that is listed on the overseas stock market and the first Hunan enterprise listed on the stock market of Canada.
　　Hunan Huasheng Firework Co., Ltd is a prestigious fireworks enterprise in Hunan's Liuyang City and the leading enterprise in China'sin China's fireworks industry. The company has begun its preparation for such a move since 2007. Its high-end products have been exported to 14 countries and regions throughout the world for a long time whose image of high-quality and internationalization has been recognized and attracted attention from the international financing circle. Many first-class investment banks, audit firms and law firms in Europe and America sent professionals to Liuyang tofor offer guiding guidance and helping the company finish all the related listing procedures required by Canadian securities supervision institutions in the mid May.
　　Huangsheng Fireworks has gained great supports from investors when it arrived in the international financing market for the first time. Chief of the Asian Division of Toronto Stock Exchange told the reporter that the average listed share price/ earnings ratio ( PE ratio) is no mare more than 10 in this stock exchange while the PE ratio of "Liuyang Fireworks and Firecrackers" reached 20. The Toronto Stock Exchange (TSE) now known publicly as the "TMX" is the largest stock exchange in Canada and the fifth largest in the world in terms of transaction volume.

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