Suzhou Zhuozhao Dispensing Technology Co goes public on the Beijing Stock Exchange on Oct 19. [Photo/WeChat account: snd-szgxqfb]
Suzhou Zhuozhao Dispensing Technology Co in Suzhou New District, East China's Jiangsu province, was listed on the Beijing Stock Exchange on Oct 19, becoming the fourth listed company in the district to do so this year.
Trading under the stock code 873726, the Suzhou company issued 12.32 million shares at 26 yuan ($3.56) per share.
Established in 2015, Zhuozhao Dispensing is a high-tech company engaged in the R&D, production and sale of high-precision intelligent dispensing equipment, glue dispensing valves, and related core parts.
Lu Yonghua, founder of Zhuozhao Dispensing, said that the company has become a world-renowned supplier of glue dispensing equipment after eight years of development and that it will strengthen its R&D and innovation capability to improve its competitiveness.
As a leading company in intelligent dispensing equipment, Zhuozhao Dispensing has never ceased to making innovations and has forged long-term and stable relations with many renowned enterprises to expand its businesses, according to Xue Zhen, president of Soochow Securities.
Song Changbao, director of SND management committee, noted that the district will further improve its service and business environment to support local companies' development.
The SND has ramped up efforts to create a more complete industrial system and a strong innovative atmosphere and offer better financial services.
It has also set up an industrial fund valued at 10 billion yuan ($1.37 billion) and a 2-billon-yuan Angel Fund for science and technology innovation with the Beijing Stock Exchange, the Shanghai Stock Exchange, and other financial institutions.
The district now is home to 1,376 national high-tech enterprises and 32 listed companies as well as a high-end equipment manufacturing industry valued at 136.2 billion yuan.