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Dao Capital helps Coloray successfully listed on the Korea Exchange
On August 10th, 2017, at 9:00 am Korean time, Coloray International Investment Co., Ltd. (“Coloray”) (stock code: 900310) rang the bell and appeared officially on board of the KOSDAQ of Korean Stock Exchange. As Coloray’s sole advisor and a strategic investor, Dao Capital participated the listing ceremony and it anticipates that Coloray. is going to sustain its high growth and become a leader in the cosmetics-grade pearlescent pigment market in the future.
Coloray was established in 2008, with headquarter in the National High-tech Industrial Park-Deqing Economic Development Zone. As a national high-tech enterprise, Coloray focuses on the R&D, production, sales and ODM services of cosmetic-grade pearlescent pigments. Due to the rapid development in recent years, Coloray has become the largest supplier of cosmetic pearlescent pigments in China. Focusing on technology innovation, Coloray dedicates over 4% of total revenue to new product’s R&D. Coloray currently holds more than 50 national patents and markets more than 1,000 categories of products. Colory’s products have been adopted by world-class cosmetics giants such as L'Oreal, Procter & Gamble, Estee Lauder and Chanel, and become the top supplier of cosmetic raw materials in China.
With its leading position in the market and its outstanding performance in the past few years, Colory’s public offering received high recognition from Korean investors. It issued 25% new shares to the public and raised a total of 53.2 billion won, equivalent to about 318 million RMB. This laid a solid foundation for the company's future faster development.
