Jinrui Gas, an industrial gas company based in Chengdu, in China’s Sichuan province, has revealed plans to be listed in the Australian Security Exchange (ASX) before the end of June 2016.
If successful, it will be the first Chinese industrial gas company to be listed overseas in Australia.
The company listed in the Shanghai market earlier this year (June). Its turnover is expected to exceed RMB 200m ($32m) next year (2016).
Jinrui Gas was established in August 2011 by Chengdu Jinkexing Gases Co. Ltd and Chengdu Fengrui Chemicals Co Ltd, and has total assets valued at RMB 150m with 200 employees.
Its gas business covers both gaseous and liquefied gases, including mixture gases, specialty gases, electronic gases, high purity gases, standard gases and medical gases.