Quzhou enterprise gets listed on STAR Market
Representatives from Zhejiang Hechuan Technology Co Ltd pose for a photo at the listing ceremony on April 28. [Photo/zj.zjol.com.cn]
Zhejiang Hechuan Technology Co Ltd (HCFA) in Longyou county, Quzhou, East China's Zhejiang province was listed on the Science and Technology Innovation Board, or the STAR Market, on the Shanghai Stock Exchange on April 28.
It is the first company from among 26 mountainous counties in Zhejiang to be listed on the STAR Market.
HCFA is a leading company in the high-end intelligent manufacturing industry in Longyou. It specializes in servo motors and the core components of industrial robot control.
Its initial public offering raised a total of 893 million yuan ($134.88 million) that will be used mainly for the construction of a digital factory, a research institute and a marketing service network.
HCFA currently owns 19 invention patents, 82 utility model patents, 67 design patents, 80 software copyrights and nine layout designs of integrated circuits.
In addition, HCFA has attracted nearly 10 companies that make solenoid valves, precision components and numerical control machine tools to settle in Longyou, forming a precision computer numerical control (CNC) equipment industry chain in the county.