16th December 2018, Guizhou Zhongke Yi Nong Technology Co., Ltd. has recently organized a ceremony which indicated the launching of their overseas public listing journey. As the consultant of the company, Vice President of GreenPro Capital Corp. (NASDAQ: GRNQ) Vincent Tan, was also invited to attend the ceremony.
According to the data, the edible mushroom or the edible fungus industry in China has been aggressively growing since the 1970s, from producing only 5.7% of the world’s total edible mushroom in 1978, to providing more than 70% in 2017, with the volume of 40 million ton. Today, China is the largest producer of edible mushroom and the major exporter of edible mushroom, exported its edible mushroom to more than 120 countries and regions, accounting for more than 48% of the world’s total trade. The emergence of numerous edible mushroom related companies have been creating a competitive environment within the industry, therefore, more and more companies are in need of capital domestically and internationally today.
Guizhou Zhongke Yi Nong Technology Co., Ltd. was founded 5 years ago, the company has been successfully building the industrial chain from seed breeding to the sales of Morchella (or more, a type of edible mushroom), known as providing a one-stop solution to the public. In addition, Zhongke Yi Nong is also the operator of the National Edible Fungus Big Data Center, and also the global edible fungus industry chain integrated operation service provider and data platform operator.
Other than producing edible mushroom, Zhongke Yi Nong has also been working tirelessly to explore of the effective mechanism to help reducing poverty. To date, Zhongke Yi Nong has already built more than 10,000 mu of morel bases in Guizhou, driving nearly 2,000 households in 33 cities in the province to get rid of poverty and to promote the morel industry in Guizhou.
To capitalize on the value of the edible mushroom industry in Guizhou, Zhongke Yi Nong is expected to get listed in the US OTC Markets in 2019, with the assistance from GreenPro Capital. Uplisted to the US NASDAQ in June this year, GreenPro has also launched a new platform ADAQ, to further assist the potential business to establish a stronger foothold in the international arena.