Chongqing Sulian Plastic's IPO to debut on SZSE ChiNext Market, 2,607 times oversubscribed.
Jun 27, 2023 (China Knowledge) -
Chongqing Sulian Plastic (301397) to start trading on the Shenzhen ChiNext Market tomorrow Jun 28. The firm has issued 25 mln shares priced at RMB 53.27 per share, raising RMB 1.3 bln (USD 0.18 bln). Its price-to-earnings ratio (PE) stands at 35.31. During subscription, the IPO was 2,607 times oversubscribed.
BOC International Securities acts as the lead underwriter and sponsor for the IPO.
Chongqing Sulian Plastic is a manufacturer and wholesaler of motor vehicle supplies and parts. The company is mainly engaged in providing automotive fuel pipeline assemblies, automotive evaporative emission pipeline assemblies, automotive vacuum brake pipeline assemblies, and new energy vehicle thermal...
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