First Nantong-based company listed on sci-tech innovation board
Jiangsu Jingyuan Environmental Protection Co, based in Chongchuan district, Nantong, was listed on the sci-tech innovation board (STAR market) of the Shanghai Stock Exchange on April 9. It is the city’s first company to be listed on the board.
The company initially issued 26.83 million shares and raised a total of 385 million yuan ($54.65 million).
It began focusing on environmental protection in 1999 and has been dedicated to industrial wastewater disposal since then. It develops facilities for industrial wastewater disposal and offers related consultation services with the help of its advanced technology and experienced R&D team.
In 2014, the company was listed on the New OTC (Over the Counter) Market and was one of only a few companies to be listed on the market in the city at that time.
Driven by equity financing, the company's economic output in 2018 was dozens of times higher than that in 2014.
The Shanghai Stock Exchange first established its sci-tech innovation board in January 2019. With the help of the Nantong municipal bureau of finance, the company obtained approval in just half a year, faster than any other company in the city.
This success demonstrates the city's progress in economic development through its achievements in innovation and advanced technology.
Jiangsu Jingyuan Environmental Protection Co, based in Chongchuan district, Nantong, is listed on the sci-tech innovation board (STAR market) of the Shanghai Stock Exchange on April 9. [Photo/ntfabu.com]
