JD Capital-invested UMGG Listed on NEEQ Today

2015-03-26

Universal Marble & Granite Group (UMGG, 832123), a JD Capital-invested company, was officially listed on the National Equities Exchange and Quotations (NEEQ) on March 26. 

Established in 1986, UMGG mainly designs, manufactures and sells decorative stones. It provides services throughout the industry chain, from mining and product design, to stone processing and installation. Thanks to its great efforts over the last 20-odd years, UMGG has become a well-known enterprise in the industry, covering an area of 1.2 million square meters, employing nearly 4,000 people, and running production and processing bases in Dongguan, Fujian and Tianjin. It is now able to independently conduct mining operations and product R&D.

So far, UMGG has supplied stone materials to over 1,000 major domestic and overseas projects, including the most de luxe eight-star hotel—Emirates Palace, the world’s largest royal Islamic mosque—Sheikh Zayed Mosque, 80% of the provincial and municipal conference halls in the Great Hall of the People, the special plane building of Beijing Capital International Airport, the conference center of Boao Forum for Asia in Hainan, and the KK100 in Shenzhen.

The rich stone resources in China are widely distributed and in numerous varieties. In recent years, China has been topping the rankings in the world in terms of the output of raw stone materials, processing techniques and foreign trade export. According to statistics from China Stone Material Association, the market size of large-scale enterprises in the industry is expected to reach 350-400 billion yuan in 2015, and the added value from finished stone processing products will account for more than 65% of the industry’s total.

The fund run by JD Capital bought shares of UMGG in February 2013. It was the third largest shareholder of the company, holding 5% of its stakes prior to the public issuance.