GenTech (688596) successfully landed on SSE Science and Technology Innovation Board today
On August 20, 2020, Shanghai GenTech Co., Ltd. was successfully listed on the Science and Technology Innovation Board of Shanghai Stock Exchange, stock abbreviation: GenTech, Shanghai Stock Exchange Science and Technology Innovation Board, stock code: 688596. This issuance and listing represent recognition and expectation of GenTech's corporate value by regulatory agencies and capital market. The establishment of a capital market platform will become a booster for GenTech's rapid development and usher in a new chapter in GenTech's development.
GenTechBoardChairman Yu Donglei, Minhang DistrictDirectorChen Yujian, as well as Municipal Economic and Information Commission, Municipal Science and Technology Commission and other government authorities, industry experts, brokerage representatives, and guests attended the listing ceremony, expressing their congratulations.
At present, China is in the stage of manufacturing transformation and upgrading. Strategic emerging industries represented by integrated circuits are developing rapidly. Demand for supply chain security and import substitution has given GenTech, a local company dedicated to providing high-quality professional products and services, bringing unprecedented opportunities.
GenTech funds raised in this listing are mainly used to improve key supporting equipment capabilities and process development supporting productivity in semiconductor, new energy, new light source and other industries. Continuous implementation of fund-raising projects will promote further iterative development of GenTech's existing core technologies and main products, increasing continuous and in-depth research and development of new technologies, new products and new application fields. At the same time, this company will further improve its business structures, opening up rooms for growth in performance, achieving brand upgrades.
Dr. Yu Donglei, Board Chairman of GenTech, said in his speech at the listing ceremony, “In the future, GenTech will further rely on comprehensive advantages of technology, brand, and channels, further promoting in-depth R&D and industrialization of high-purity process media business. Through this IPO, this company will Further improve independent research and development capabilities and production capacity of core products. It is the bounden duty of business operators to make fine products, strengthening advantages, repaying investors. Listing means a new starting point and a long way to go. We will do our best to adhere to integrity and standardization, operating and repaying investors with outstanding performance."
