Chint Electric presents IPO on Shanghai Stock Exchange
HANGZHOU, China, Jan. 27 /PRNewswire-Asia/ -- On January 21, 2010, Chint Electric was successfully listed on Shanghai's Stock Exchange. At a starting price of RMB 26.51, it had a total market cap of RMB 25 billion, over USD 3 billion.
Chint Electric, a subsidiary of Chint Group, has consistently been a top supplier in China's low-voltage electrical industry in its 25 years of production. The company specializes in electrical power distribution, electrical appliances, control electrical equipment, power electronics, and the research, development, production, and sales of five types of low-voltage electrical products. Chint Electric hopes to use the proceeds for projects that will ensure the continued growth and development of the company.
For more information, please contact:
Wanshu Hu
Marketing Communication Dept.
Tel: +86-571-8668-8877
Fax: +86-571-5603-2345
Email: [email protected]
SOURCE Chint Group
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