Animal Nutrition Company Adisseo and one of the main subsidiaries of China National Bluestar (Bluestar), is now quoted on the Shanghai Stock Exchange.
This follows the restructuring of the capital of Bluestar New Chemical Material Co. Ltd (BNCM), a listed vehicle that is also part of Bluestar. Thanks to a simultaneous asset exchange whereby Adisseo replaces BNCM's existing assets, Adisseois in a position to access Chinese capital markets to finance its ambitious development projects.
The group is currently listed as BNCM with ticker symbol 600299. The legal entity will be called Bluestar Adisseo Company. About 90% of the company is still owned by Bluestar with the floating owned by minority shareholders.
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