Liance Technology, a power system test solution provider, is to become the first STAR-listed enterprise in Qidong, Nantong. [Photo/ntfabu.com]

The IPO (initial public offering) application of Jiangsu Liance Electromechanical Technology Co Ltd, or Liance Technology, was approved by the China Securities Regulatory Commission on Dec 15. The company is to become the first enterprise in Qidong, a county-level city of Nantong, to be listed on the Shanghai Stock Exchange's sci-tech innovation board, commonly known as the STAR board. It will be the third Nantong company listed on the board.

Founded in 2002, Liance Technology is a power system test solution provider. Its main business covers the research and development (R&D), manufacturing and sale of power system intelligent test equipment, as well as the provision of power system testing and verification services.

It has two wholly-owned subsidiaries in Nantong and Shanghai and nearly 300 employees. So far, it has registered over 60 patents and nearly 30 software copyrights.

The products and services of Liance Technology are mainly used in the power system testing of new energy vehicles, fuel vehicles, ships, aviation and in other subdivisions.

To date, the downstream clients of Liance Technology have been engaged in the fields of new energy vehicles, traditionally-fueled vehicles and ships and aviation. They include SAIC Motor, GAC Group, Huawei, Weichai Group, Geely and China State Shipbuilding Corporation Limited.