The gong was sounded to celebrate Guangzhou Fangbang Electronics Co, Ltd's listing on the Shanghai Stock Exchange (SSE) on July 22. Situated in Guangzhou's Huangpu district, the company is one of the first companies to be listed on the SSE STAR Market and is abbreviated on the market board as "Fangbang Electronics" with the securities code "688020".
Huang Yebin, vice chairman of the Standing Committee of Guangdong Provincial People's Congress, and Chen Zhiying (4th, L), executive vice mayor of Guangzhou, attend the listing ceremony. [Photo provided to chinadaily.com.cn]
Fangbang Electronics is a company engaged in R&D, production and sales of high-end electronic components and their application solutions. Already in possession of independent IP rights in the field of Electromagnetic Interference (EMI) Shielding Film as well as core technologies, it takes the lead in high-end electronic components.
The number of shares issued by Fangbang Electronics in its IPO was 20 million, and the raised funds will mainly used for the "construction project of a Flexible Copper Clad Laminate production base", the "construction project of a Shielding Film production base" and the "construction project of a research and development center".
Since November 2018 when the SSE set up the Science and Technology Innovation Board and pilot registration system, Huangpu has been strengthening its strategic cooperation with the SSE.
It has actively assisted companies to access the resources of securities traders and investment institutions and to coordinate and solve the problems related to the feedback of listing audits.
Currently, the district has promoted a total of five companies to apply for listings on the Sci-Tech Innovation Board, which have been accepted. The figure is 62.5 percent of all acceptances in Guangzhou, the largest figure across the city.
With the successful listing of Fangbang Electronics, the total number of listed companies in the district has reached 51.
According to the head of the Financial Bureau of the Guangzhou Development District, Huangpu will intensify its connection and cooperation with Shanghai, Shenzhen and Hong Kong stock exchanges in an all-round way and further the growth of the capital market, thus offering efficient and convenient ways for companies in the district to be connected with the capital market.