Fufeng Group
Encyclopedia
Fufeng Group 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. 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. Its share price showed the poorest performance among all newly-listed stocks in 2007.
Monosodium glutamate
Monosodium glutamate, also known as sodium glutamate or MSG, is the sodium salt of glutamic acid, one of the most abundant naturally occurring non-essential amino acids....
(flavour enhancer
Flavour enhancer
Flavour enhancers are food additives commonly added to food and designed to enhance the existing flavours of products. In western cultures, the 5th taste or umami went unrecognized for a long time. It was believed that flavour enhancers did not add any new taste of their own...
) and the second largest xanthan gum
Xanthan gum
Xanthan gum is a polysaccharide, derived from the bacterial coat of Xanthomonas campestris, used as a food additive and rheology modifier, commonly used as a food thickening agent and a stabilizer...
producer in Mainland China
Mainland China
Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...
. Its products include flavour enhancer, xanthan gum, fertilizer
Fertilizer
Fertilizer is any organic or inorganic material of natural or synthetic origin that is added to a soil to supply one or more plant nutrients essential to the growth of plants. A recent assessment found that about 40 to 60% of crop yields are attributable to commercial fertilizer use...
and starch
Starch
Starch or amylum is a carbohydrate consisting of a large number of glucose units joined together by glycosidic bonds. This polysaccharide is produced by all green plants as an energy store...
sugar substitute
Sugar substitute
A sugar substitute is a food additive that duplicates the effect of sugar in taste, usually with less food energy. Some sugar substitutes are natural and some are synthetic. Those that are not natural are, in general, called artificial sweeteners....
. Its headquarter is in Shandong province. Its CEO is Mr. Li Xuechun.
Fufeng was listed on the Hong Kong Stock Exchange
Hong Kong Stock Exchange
The Hong Kong Stock Exchange is a stock exchange located in Hong Kong. It is Asia's third largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and the Shanghai Stock Exchange and fifth largest in the world...
on February 8, 2007 with IPO price at HK$2.23 per share
Share (finance)
A joint stock company divides its capital into units of equal denomination. Each unit is called a share. These units are offered for sale to raise capital. This is termed as issuing shares. A person who buys share/shares of the company is called a shareholder, and by acquiring share or shares in...
. Its share price at the first trading day was HK$3.01, with 35% increase compared with its IPO price. However, after issuing profit warning
Profit warning
Profit warning is a warning declaration issued by a listed company to investors through a stock exchange. It warns that the profit of the company in the coming quarter will obviously decline or even have a loss compared with that of the same quarter of previous year...
and profit decline at the first half year in 2007 due to a rise in the price of corn
Maize
Maize known in many English-speaking countries as corn or mielie/mealie, is a grain domesticated by indigenous peoples in Mesoamerica in prehistoric times. The leafy stalk produces ears which contain seeds called kernels. Though technically a grain, maize kernels are used in cooking as a vegetable...
, its share price dropped below IPO price and currently below HK$1. Its share price showed the poorest performance among all newly-listed stocks in 2007.