Congrats! Power TECH in Nanhai went public
Foshan China 2022-09-23 11:55
Power TECH CO.,Ltd. was listed on the Growth Enterprise Market of Shenzhen Stock Exchange today (September 22) with the stock code 301369. It is the 22nd listed company in Nanhai District. The issue price of the company is 96.58 yuan per share and 11,600.0045 million new shares will be issued. It is expected to raise total funds of 112033.23 million yuan. 
Founded in 1998, Power TECH has always attached great importance to the research and development of new products and technological innovation. It focuses on the research and development, production and sales of specialized equipment in the field of back-channel packaging and testing in the semiconductor industry. Its independently developed semiconductor discrete device test equipment achieves import substitution, accounting for over 20% market share of domestic semiconductor discrete device test equipment.
Power TECH is the second company going public in Nanhai this year as well as the third newly listed company in Foshan. It is worth mentioning that the two enterprises listed in Nanhai this year are both high-tech companies which make breakthroughs in key areas, showing the flourishing development of local science and technology. It is expected that within 2-3 years, there will be several science and innovation enterprises ready to go public in Nanhai.
Author | May
Revisor | Jersey