Beijing Dinghan shares up 80.27% after stock debut on ChiNext

Oct. 30, 2009 (China Knowledge) - Beijing Dinghan Technology Co Ltd<300011>, a provider of power supply systems, debuted on the ChiNext Board on the Shenzhen Stock Exchange today, becoming one of the first companies to trade on the Nasdaq-style board. 

Shares of the company opened at RMB 66.7, a price 80.27% higher than the IPO price. The Shenzhen Component Index opened 1.92% or 233.94 points higher at 12427.10 points.

The firm raised RMB 481 million from the IPO by issuing shares. Industrial Securities Co Ltd is the underwriter of the offering.

Beijing Dinghan was founded in June 2002 and is engaged in the development, manufacturing, sales, installation and maintenance of power supply systems. The high-tech company's major products include intelligent power supply systems for railway signals, metro platform screen doors and railway telecom systems. The Zhongguancun-based company has a production base covering an area of 5,000 square meters. It has two research and development centers each in Beijing and Shenzhen.