One of China’s leading tuna catching and processing firms has celebrated its IPO on the board dedicated to funding small- and medium-sized firms.
Zhejiang Rong Zhou Hai Yang Products Co is a subsidiary of Ping Tai Rong Group, a larger fishing firm, and is located in Zhoushan, one of China’s busiest east coast ports.
Speaking at the IPO ceremony in Beijing, Ni Jian Bo, the general manager of the Ping Tai Rong Group, explained the firm sells tuna in the European Union, the United States, Japan and South Korea, but wants to expand sales in China, too. He said the company promised to spend cash raised from the IPO (it hasn’t disclosed a figure) on expanding the firm’s operations in international waters to catch tuna.
“We are leading the charge for tuna in China…We have south China’s biggest cold storage,” said Ni Jian Bo.
Bo added that his firm is working to create a South China Tuna Trading Centrech in Zhoushan, along with fellow member companies of the China Long Distance Fishing Association.
Ni said the company is committed to corporate social responsibility, which he defined as "bringing safe, non-polluted tuna fish to the ordinary people of China."
