Hainan Ruize New Material’s Application for IPO Approved


CSRC announced on May 16th night that the applicant of Hannan Ruize New Building Material Co., Ltd. for IPO was approved. This is another invested company by Jiuding Capital that will be listed in the capital market.

According to the pre-disclosure, Ruize New Material plans to issue 34,000,000 shares in Shenzhen Stock Exchange, raising a fund of 352,000,000 yuan and the total shares after the IPO will be 134,000,000. As the first manufacture enterprise for conducting commercial concrete business in Hainan Province, Ruize New Material at present is focusing on R&D, manufacture and sales of commercial concrete and new-type wall materials.