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Five firms list on enterprise board
By Gao Liangliang and Tom Qian |
October 1, 2009, Thursday
|
Print Edition
Print Edition
FIVE companies in Minhang District have been listed on the new growth enterprise market after Shanghai SK Petroleum & Chemical Equipment Corporation had a successful initial public offering this month on the Shenzhen Stock Exchange.
Shanghai SK is the first company to receive a bonus of 10 million yuan (US$1.46 million) from Minhang District at the end of last year to support its IPO. So far there are nearly 100 enterprises in Minhang intending to be listed with five entering the listing procedure. Shanghai has 12 companies listed on the board so far.
Shanghai SK at Pujiang Town started its IPO in July 2007 and won approval from China Securities Regulatory Commission one year later. Shanghai SK's main clients are China Petroleum & Chemical Corp, China National Petroleum Corp and China National Offshore Oil Corp.
The revenue of Shanghai SK was 267 million yuan, 426 million yuan and 543 million yuan between 2006 and 2008. The net profit of the company reached 105.59 million yuan in 2008, 0.68 yuan for each share.
The IPO raised 610 million yuan to invest in development and construction of a research and development center, especially a testing center.
Shanghai SK is the first company to receive a bonus of 10 million yuan (US$1.46 million) from Minhang District at the end of last year to support its IPO. So far there are nearly 100 enterprises in Minhang intending to be listed with five entering the listing procedure. Shanghai has 12 companies listed on the board so far.
Shanghai SK at Pujiang Town started its IPO in July 2007 and won approval from China Securities Regulatory Commission one year later. Shanghai SK's main clients are China Petroleum & Chemical Corp, China National Petroleum Corp and China National Offshore Oil Corp.
The revenue of Shanghai SK was 267 million yuan, 426 million yuan and 543 million yuan between 2006 and 2008. The net profit of the company reached 105.59 million yuan in 2008, 0.68 yuan for each share.
The IPO raised 610 million yuan to invest in development and construction of a research and development center, especially a testing center.
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