Pingdingshan Oriental Carbon's IPO to debut on Beijing Stock Exchange, not oversubscribed.
Jun 29, 2023 (China Knowledge) - Pingdingshan Oriental Carbon (832175) to start trading on the Beijing Stock Exchange tomorrow Jun 30. The firm has issued 32 mln shares priced at RMB 12.6 per share, raising RMB 403.2 mln (USD 56 mln). Its price-to-earnings ratio (PE) stands at 15.48. During subscription, the IPO was not oversubscribed.
Kaiyuan Securities acts as the lead underwriter and sponsor for the IPO.
Pingdingshan Oriental Carbon is a manufacturer of carbon and graphite products. The company is mainly engaged in the R&D, production and sales of...
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