Successful Public Offering for Hy-Line Distributor

CHINA - Hy-Line distributor, Shandong Yisheng, has celebrated a successful initial public offering.
calendar icon 28 September 2010
clock icon 2 minute read

Jisheng Cao, majority owner of Shandong Yisheng company of Yantai celebrated the initial public offering of the company with officials of the Shanghai stock exchange in China.

The Shandong Yisheng company has grown to become the largest supplier of poultry breeding stock in China distributing several million Hy-Line Brown parent stock in the world's number one egg market, in addition to Aviagen breeding stock for meat genetics.

This stock offering is the initial step of Mr Cao's aggressive growth strategy to further build on his dominant position in the market as funds are being reinvested in increased production capacity and new technology in his quest to bring improved sources of protein to China.

The Hy-Line Brown is the number one layer in the 1.3 billion China layer market as Chinese producers have found her to be the most reliable brown layer in the market in terms of production and egg quality characteristics.

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