-- 20th New Listing from Greater China Year-To-Date --
NEW YORK, Dec. 19, 2007 – Gushan Environmental Energy Limited, a producer of biodiesel, a renewable, clean-burning and biodegradable fuel, began trading on the New York Stock Exchange today, Wed., December 19 under the ticker symbol “GU” after its successful IPO in which it raised $172.8 million. The company is the first biodiesel producer from China to list on the NYSE.
"We are delighted to welcome Gushan Environmental Energy Limited to our fast-growing family of Chinese listed companies," said NYSE Euronext President & Co-COO Catherine R. Kinney. "NYSE Euronext looks forward to providing Gushan Environmental Energy Limited and its shareholders with the superior services, market quality and brand visibility associated with listing on NYSE Euronext markets."
To celebrate this special occasion, Gushan Environmental Energy Limited Chairman and Principal Executive Officer Jianqiu Yu rang The Opening BellSM today, joined by NYSE Euronext CEO Duncan L. Niederauer.
Please click here for The Opening Bell photo.
Background on NYSE Euronext-China:
• The NYSE now has 51 companies listed from Greater China, including 39 from Mainland China, 7 from Hong Kong, and 5 from the Taiwan region.
• Year to date, the NYSE listed 20 companies from Greater China. The listing of Gushan represents the 18th NYSE IPO from China in 2007 to date.
• The total global market capitalization of the 39 NYSE-listed Chinese companies from the mainland is $1.5 Trillion, and for the 51 companies from greater China, $2.0 Trillion.
Gushan (NYSE: GU)
Gushan Environmental Energy is China’s largest producer of biodiesel, as measured by annual production capacity. The company produces biodiesel, a renewable, clean-burning and biodegradable fuel, primarily from vegetable oil offal and used cooking oil, and by-products from biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide. Gushan sells biodiesel directly to users, such as marine vessel operators, as well as to petroleum wholesalers and individual retail gas stations. The company currently operates three production facilities in Sichuan, Hebei and Fujian provinces with a combined annual production capacity of 190,000 tons. The company targets to increase its annual production capacity to 400,000 tons by the end of 2008 with the addition of four new production facilities in Beijing, Shanghai, Hunan and Chongqing.
About NYSE Euronext (NYSE: NYX)
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets. NYSE Euronext is part of the S&P 500 and S&P 100 indexes.
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