Xi'An Sinofuse Electric's IPO to debut on Shenzhen Stock Exchange – China Knowledge

Jul 14, 2021 (China Knowledge) – Xi’An Sinofuse Electric (301031) to start trading on the Shenzhen ChiNext Market Jul 15, tomorrow. The firm has issued 16.57 mln shares priced at RMB 26.78 per share raising RMB 443.74 mln. Its price-to-earnings ratio (PE) stands at 37.95. During subscription the IPO was 8,942 times oversubscribed. Central China Securities acts as the lead underwriter and sponsor for the IPO. Xi’an Sinofuse Electric is a manufacturer and wholesaler of electronic components. The Company was founded in April 2007 and is located in Xian, China. In FY 2020, Xi’An Sinofuse Electric garnered a total revenue…