Haiyang Technology, a firm specializing in polymer materials in Hailing Industrial Park, Taizhou, Jiangsu, goes public on the Shanghai Stock Exchange. [Photo/WeChat account: gh_4df9b5f9b40b]
Haiyang Technology Co Ltd, located in Hailing Industrial Park in Taizhou city, Jiangsu province, East China, was listed on the main board of the Shanghai Stock Exchange on June 12. This achievement marks it as Jiangsu province's first main board listed company on the SSE this year.
Its initial public offerings generated 521 million yuan ($72.65 million), which were designated for three key initiatives: the development of an annual 100,000-metric-ton modified polymer new materials project, the execution of intelligent technological advancements for a 45,000-ton high-modulus, low-shrinkage polyester tire cord fabric production line, and working capital.
With nearly five decades of expertise in the research, development, and manufacturing of polymer materials, Haiyang Technology has transitioned from traditional manufacturing to advanced production, empowered by technology, in recent years.
This development results from ongoing technological innovation, standardized corporate governance, and strong synergistic industrial chain capabilities.
The successful listing highlights Hailing district's success in fostering enterprise growth and developing listing resources in the region.