Henggong Precision begins ChiNext trading after RMB 810.8 million IPO
Henggong Precision began trading on Shenzhen Stock Exchange ChiNext under ticker 301261 after raising RMB 810.8 million in its initial public offering.
Evidence notes
- Henggong issued 21,972,549 new shares at RMB 36.90 each.
- The offering raised RMB 810.8 million in gross proceeds.
- Planned uses included fluid-equipment component capacity, core-component expansion, a technology centre and balance-sheet support.
Company context
Chinese listed precision-manufacturing company supplying precision structural and machined components.