Two Yuhang firms listed within 20 days
Hangzhou Heshun Technology Co, which is based in Yuhang district, Hangzhou, capital of East China’s Zhejiang province, was listed on the second board of the Shenzhen Stock Exchange on March 23, bringing the number of listed firms in the district to 24.
The firm is the second one in Yuhang to be listed this year, following Zhejiang Whyis Technology Co Ltd, which went public less than 20 days ago.
Hangzhou Heshun Technology Co is a high-tech firm located in the Qianjiang Economic Development Zone in Yuhang. It specializes in the research and development, production and sales of bidirectional stretch polyester film, which can be used in electronic products, automobiles, architecture and packaging and decoration.
The funds raised in this round of public offering will be used to build a production base for bidirectional stretch polyester film and a research center.
The Yuhang authorities have set a goal to having seven of its firms listed this year. It also plans to nurture 300 firms into listed companies.
According to Yuhang’s plan, the district aims to propel 60 firms to go public over the next five years.
To achieve the goal, Yuhang plans to offer a cash award of up to 6 million yuan ($942,600) to newly listed firms.
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Company Name: The Information Office of Hangzhou Municipal Government
Contact Person: Cai Jingwen
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Country: China
Website: http://www.ehangzhou.gov.cn/
