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Xianghe Industrial Listed at the SSE
Text Size:A A A 2017-09-08

On September 4, A shares of Zhejiang Tiantai Xianghe Industrial Co., Ltd. are issued and listed the Shanghai Stock Exchange (SSE). Xianghe Industrial becomes the 50th listed enterprise in Taizhou. Attending the listing ceremony are Taizhou officials Wang Changrong, Zhang Bing, Chen Weiyi, Cai Yongbo, Dong Guibo and Xu Miao.

Xianghe Industrial is a national high-tech enterprise. Its major businesses including non-metal components of track fasteners, which are used to fix, balance, cushion, and insulate rails and sleepers of high-speed trains. At present, Xianghe Industrial owns 24 patents involving 9 invention patents, and it has provided products for 30 high-speed railways nationwide, accounting for 20% market shares.

Xianghe Industrial’s A shares total 126 million shares, and 31.5 million shares are listed at the issuance price of RMB13.17 per share this time. The ticker symbol is “Xianghe Industrial” with the ticker symbol of 603500.

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