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Local firms hope for listing boost
By Lu Xiaofeng and Kat Yang |
April 25, 2011, Monday
|
Print Edition
Print Edition
THREE Jiading-based enterprises have recently applied for initial public offerings from the China Securities Regulatory Commission. Five enterprises in the district have already been listed on the market while 12 finished stock reform.
At the end of last year, Shanghai STEP Electric Co Ltd raised 800 million yuan (US$122 million) from the listing to technically reform the transducer used for elevators and elevator-control systems and to expand its technical center. The company eyed another growth opportunity in coal mining after its listing. Enterprises often benefit from their listing by upgrading operation efficiency and administration levels.
Jiading related governmental departments will offer advice and guidance on administration methods, laws and fund raising for the enterprises to shorten the process of their application. Green channels are established to offer special services tailored to different enterprises.
The district has set a target of 20 listed companies by the end of the 12th Five-Year Plan (2011-2015 ) in a bid to secure Jiading a share in the security market.
At the end of last year, Shanghai STEP Electric Co Ltd raised 800 million yuan (US$122 million) from the listing to technically reform the transducer used for elevators and elevator-control systems and to expand its technical center. The company eyed another growth opportunity in coal mining after its listing. Enterprises often benefit from their listing by upgrading operation efficiency and administration levels.
Jiading related governmental departments will offer advice and guidance on administration methods, laws and fund raising for the enterprises to shorten the process of their application. Green channels are established to offer special services tailored to different enterprises.
The district has set a target of 20 listed companies by the end of the 12th Five-Year Plan (2011-2015 ) in a bid to secure Jiading a share in the security market.
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