Guanghua Technology goes public on Shenzhen Stock Exchange
Representatives of Zhejiang GuangHua Technology Co Ltd from Jiaxing, East China's Zhejiang province pose for a photo at the listing ceremony on Dec 8. [Photo/cnjxol.com]
Zhejiang GuangHua Technology Co Ltd from Jiaxing, East China's Zhejiang province was listed on the Shenzhen Stock Exchange on Dec 8, becoming the 11th company in the city to be listed this year.
The public offering included 32 million shares priced at 27.76 yuan ($3.99) each.
Guanghua Technology, founded in 2014, focuses on the research and development, production and sale of polyester resin for powder coatings, and is one of the major suppliers of polyester resin for powder coatings in China.
In the first half of this year, the operating revenue of Guanghua Technology totaled 673 million yuan. Net profits attributable to shareholders of the parent company were 72 million yuan.
The total number of domestic and foreign listed companies in the city has reached 81, ranking fourth in the province. This year, 11 companies in the city went public, the second most in the province and a record high.
Red boat spirit inspires new developments
Zhejiang: A Decade of Progress
A look at Jiaxing's H1 economic data