JD Capital-invested OPAI Gains IPO Approval from CSRC


On December 21, the China Securities Regulatory Commission (CSRC) announced its approval of the IPO of OPAI Doors Co., Ltd. (OPAI Doors). The company, invested by a fund managed by JD Capital, will soon be listed on the A-share market.

OPAI Doors is engaged in the R&D, production, marketing and service of timber doors. With varied products, a domestically leading production line of timber doors, and a well-developed marketing network and service system, OPAI is a major and strong producer of timber doors in China. Its marketing network covers 31 provinces and autonomous regions, and it has established long-term strategic partnership with such well-known real estate enterprises in China as Evergrande Real Estate Group, Vanke Real Estate Group, and Shimao Group.

The timber door industry has seen steady and rapid growth in recent years on a global basis. After a period of slow growth during the financial crisis, a new growth cycle has kicked in. As the global economy recovers, demands for timber doors are expected to grow continuously in the next few years. The industry will be more diversified with a richer array of products, and a higher level of industry and brand concentration. Currently, China is the world’s largest producer and consumer of timber doors.

The fund managed by JD Capital became shareholder of OPAI Doors in 2010, and holds 17.5% of its shares before its IPO.

Since the beginning of 2016, 10 enterprises invested by JD Capital have been or are about to be listed on the A-share market, namely FLAGCHEM (300575), Beiken Energy (002828), Fusenmei (002818), Xintai Natural Gas (603393), Dowell (300535), Monarch (002798), DKDake (300503), OPAI Doors (approved), Rongtai (approved) and Autek (approved).