Truking-The First Hunan Company Listed in SZ Stock Exchange
Shenzhen stock holds Truking’s dream, while Hunan stepping into a wonderful spring. As an euphonic ring,"Truking"(300358, SZ) had been announced displayed at Shenzhen Stock Exchange (referred to SZ) on Jan 21st, 2014.On this day, Truking successfully come into the GEM of SZ, becoming the first stock in Hunan which appears on the market in this year.
Truking has changed to be a joint-stock company in 2010, when they launched the listing process officially. Later on December 30th, 2013, the CSRC approved the proposal from Truking.
As the first listed company in pharmaceutical machinery industry in SZ stock exchange, the price of IPO of Truking Tech is 40 Yuan/Share, 1824.9813 million shares were issued, which includes 699.925 million for new shares, and 1,125.06 million for transfer of the old shares, this price corresponds to price-earning ratio of 31.5 times which is slightly higher than the industry average price-earnings ratio of listed companies.
The author reported that Truking had been suspended trading again at 10:31 on Jan 21, 2014, because of its second limit-up. Furthermore, Truking Tech had been resumed transaction at 14:57. Before closing quotation, Truking Tech reached 58.08 Yuan/share which rose 45.20%. All of those funds are intended for investment in modern pharmaceutical equipment transformation projects and modern pharmaceutical R & D center construction projects. Total investment reached 250 million Yuan.