Yahoo Finance Henan Carve Electronics Technology debuts on Shenzhen Stock Exchange, rose 78%
Dec 23, 2021 (China Knowledge) - Henan Carve Electronics Technology (301182) opened at RMB 48 on its first day trading on the Shenzhen ChiNext Market, an increase of 77% from its IPO price of RMB 27.12.
The shares price ended the day at RMB 48.34, soaring 78% from its issue price. Its intraday high and low were RMB 50.68 and RMB 45.68, respectively. A total of 16 mln shares changed hands with a turnover of RMB 758.8 mln, and ending the day with a total market capitalization of RMB 4.6 bln.
Henan Carve Electronics Technology Co Ltd is a China-based company principally engaged in the research and development, production and sales of electronic precision cable connection components. The Company provides three categories of products: security precision cable connection components, communication precision cable connection components, as well as consumer and other precision cable connection components. The Company's products are mainly used in security equipment, communication equipment and other fields. The Company mainly conducts its businesses in the domestic market.
Henan Carve Electronics Technology reported in its prospectus that the funds raised from the IPO will be used to build a R&D center, expand its production capacity of precision connectors and connection components, and to supplement its working capital.
