Lixing Steel Ball completes IPO on the Shenzhen Stock Exchange

Date: 2015-02-17 · Type: funding · Company: Lixing Steel Ball

Lixing Steel Ball completed its IPO on the Shenzhen Stock Exchange with 28 million newly issued A-shares.

Lixing Steel Ball completed its IPO on the Shenzhen Stock Exchange with 28 million newly issued A-shares.
The company later disclosed gross proceeds of RMB 255.64 million and net proceeds of RMB 228.7262 million from the offering.
The financing supported expansion of high-grade precision steel-ball capacity and a new rolling-element technology research center.