Two Wuxi enterprises are listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, on July 22. [Photo/WeChat account: wuxifabu2013]
Two Wuxi enterprises, Delinhai Environmental Protection Technology Co and Wuxi Chipown Microelectronics Co, were listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR market, on July 22.
Delinhai Environmental Protection Technology has been working on green treatment of blue-green algae for over 10 years. The company will spend the funds raised to monitor eutrophication of lakes and reservoirs.
Its shares opened at 92 yuan ($13.15). The company issued 59 million shares during this round, at 67.20 yuan a share.
Wuxi Chipown Microelectronics is a private high-tech enterprise focusing on the research and development of power integrated circuits. At present, the company has developed into a leading supplier of high-voltage power supply and driver chips in China, providing products and solutions for many well-known companies in the industry.
With an issue price of 28.30 yuan a share, its shares opened at 102 yuan.
Six Wuxi enterprises have been listed on the STAR market by now. The number ranks fifth nationwide, same as Hangzhou, Zhejiang province.
Wu Guanqing, director of Wuxi Listed Enterprises Association, spoke highly of the local government's long-term work and support on developing quality science and technology companies.
The technology-heavy STAR market, which celebrated its first anniversary July 22, has given more decisive power to the capital market by piloting a registration-based initial public offering system and facilitated China's economic restructuring by providing more financial support to technology companies, experts said.
