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    Home > Chemicals Industry > International Chemical > Anhui Zhongding intends to be listed in Switzerland

    Anhui Zhongding intends to be listed in Switzerland

    • Last Update: 2022-10-25
    • Source: Internet
    • Author: User
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    Recently, Anhui Zhongding Seals Co.
    , Ltd.
    announced that it intends to plan to issue Global Depositary Receipts (GDRs) overseas and list them on
    the SIX Swiss Stock Exchange.
    Anhui Zhongding said that this move is to further deepen the international layout of the enterprise, promote the main business to move towards intelligence and electrification, and meet the capital needs
    of domestic and foreign business development.

    It is reported that Anhui Zhongding was established in 1998, the main business includes rubber seals and automotive rubber products research and development, manufacturing and sales
    .
    In the first half of 2022, the company achieved operating income of 6.
    573 billion yuan and net profit of 471 million yuan
    .
    Through this GDR offering, the company hopes to accelerate the market expansion of the new energy vehicle business, strengthen the construction of overseas intelligent chassis production bases and global information networks in China and North America, and create synergies with the global layout of OEMs
    .

    It is reported that the issuance scale, issuance plan and direction of use of the raised funds are still under discussion, and the approval of the company's board of directors and shareholders' general meeting, as well as the approval, approval or filing
    of domestic and foreign authorities such as the China Securities Regulatory Commission and the Swiss Stock Exchange are still required.

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