Shineco CEO rings Nasdaq closing bell

Zhang Yuying, chairman and CEO of Shineco Inc (Nasdaq: TYHT) rings the closing bell at the Nasdaq MarketSite in Times Square in New York on Tuesday to celebrate the company's initial public offering of its common shares on Sept 27. The company raised approximately $7.7 million through the issuance of 1,713,190 common shares at a price of $4.50 per share. Shineco began trading on Sept 28 in the Nasdaq Capital Market. Incorporated in 1997 and headquartered in Beijing, Shineco is a Delaware holding company that uses its subsidiaries' and variable-interest entities' production, distribution and sales channels to provide health and well-being focused plant-based products in China. Shineco also produces Chinese herbal medicines, organic agricultural produce and specialized textiles. HONG XIAO / CHINA DAILY