Materials maker Hongfucheng lists on Shenzhen exchange at US$10.6 per share

What's the deal? Shenzhen Hongfucheng New MaterialDealroom has a profile for this one. Try Dealroom → listed today on the ChiNext board of the Shenzhen Stock ExchangeDealroom has a profile for this one. Try Dealroom → under the ticker 301716. The company priced its offering at US$10.6 per share, at a price-to-earnings ratio of 21.8.

What's the endgame? Hongfucheng makes electromagnetic compatibility (EMC) and thermal interface materials. It develops, manufactures, and sells EMI shielding materials, thermal interface materials, and wave-absorbing materials.

The signal: The listing brings a specialised materials supplier to public markets via ChiNext, the Shenzhen exchange's board geared toward growth-stage companies.

Read more: itjuzi.com

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