"Can a cruel business that makes a living by hurting animals also go public?" Yesterday, the news that Fujian Guizhentang Pharmaceuticals Co., Ltd. was planning to list on the Growth Enterprise Market (GEM) caused a great stir on the Internet. Not only the civilian animal protection organization http://www.zlsst.com/, but also many netizens expressed that they should firmly resist Guizhentang's entry into the capital market. Some netizens even posted a cartoon of a black bear crying on Weibo and questioned in the voice of the black bear: "Guizhentang, don't you have any scruples? Why do you use my gallbladder to go public!"
Guizhentang plans to list on the GEM. On February 1st, the Issuance Supervision Department of the CSRC published the basic information table of IPO application enterprises. In this list of 515 enterprises, Guizhentang is clearly listed, planning to list on the GEM, with Wanlian Securities as its sponsor institution.
As one of the largest R&D and production enterprises of bear bile series products in China, according to Guizhentang's introduction, the company currently has 400 black bears in its breeding farm, which is the largest black bear breeding base in southern China. The company stated that it plans to use the funds raised from the IPO http://www.zlsst.com/ to build a breeding base with a total planned area of 3000 mu, expanding the scale of black bear breeding to 1200 heads.
Netizens resist the listing of a cruel enterprise. What truly sparked heated discussions among netizens was Guizhentang's "live bear bile extraction." The official website of Guizhentang claims that its bile collection adopts the latest "tubeless drainage" technology, extracting bile in 5 to 8 seconds under the premise that the bear feels no pain, equivalent to human voluntary blood donation. However, opponents claim that this is ruthless cruelty to black bears. Once Guizhentang lists on the stock exchange, its scale will become larger, harming more black bears.
"Stabbing a wound on the body, pricking it open twice a day with a tube, this process is very fast, painless, and does not affect health. Do you believe it?" Yesterday, some netizens expressed that torturing a life to death slowly is the cruelest side of humanity. Natural bear bile will eventually fade out of the Chinese medicine stage like musk and tiger bones. They firmly resist such a cruel enterprise going public.
The possibility of listing still remains uncertain. In fact, as early as last year, animal lovers had launched a boycott against "live bear bile extraction." At that time, representatives and members attending the National People's Congress and the Chinese People's Political Consultative Conference in Beijing also joined in. National CPPCC member Jia Baolan once specifically submitted a proposal, calling for a nationwide halt to the live bear bile industry.
However, after a year, Guizhentang still ranks 28th among the GEM IPO application enterprises http://www.zlsst.com/. Nevertheless, the GEM Issuance Supervision Department indicated that Guizhentang's IPO application is currently in the "process of implementing feedback opinions," meaning that whether it can be listed still remains uncertain.
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