Shanghai Nenghui Technology's IPO to debut on Shenzhen Stock Exchange

Aug 16, 2021 (China Knowledge) – Shanghai Nenghui Technology (301046) to start trading on the Shenzhen ChiNext Market Aug 17, tomorrow. The firm has issued 37.37 mln shares priced at RMB 8.34 per share raising RMB 311.67 mln. Its price-to-earnings ratio (PE) stands at 14.61. During subscription the IPO was 6,199 times oversubscribed. Minsheng Securities acts as the lead underwriter and sponsor for the IPO. Shanghai Nenghui Technology is an electric power generation facility operator. The Company was founded in February 2009 and is located in Shanghai, China. In FY 2020, Shanghai Nenghui Technology garnered a total revenue of RMB…