YanGuFang International Group Files for IPO

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By Stephen Nakrosis

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YanGuFang International Group Co. Ltd. filed for an initial public offering with the US Securities and Exchange Commission on Friday.

The company produces, develops and sells oat and grain products. For the year ended June 30, 2021, it reported revenue of $29.8 million.

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YanGuFang Group is a Cayman Islands holding company and has no material operations of its own, adding that it “conducts substantially all of our operations through our subsidiary and the [variable interest entities] in China.” For the year ended June 30, 2021, it reported revenue of $29.8 million.

The company said it is “rimarily engaged in the production, research and development, and sales of oat and grain products, including food products such as oatmeal, and oat flour, as well as health products including dietary fiber power, soap and toothpaste.”

YanGuFang International didn’t give an expected size for its IPO, nor did it give an anticipated price range. The company said it applied to list its shares on the Nasdaq Capital Market under the symbol YGF.

EF Hutton is listed as the offering’s underwriter.

Write to Stephen Nakrosis at [email protected]

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Credit: www.marketwatch.com /

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