GrandiT listed on Shanghai Stock Exchange
The listing ceremony of Quzhou's GrandiT Co Ltd held on Sept 8. [Photo/qz123.com]
GrandiT Co Ltd, a leading electronic chemical materials company in Quzhou, East China's Zhejiang province, was listed on the STAR Market of the Shanghai Stock Exchange on Sept 8.
Eleven companies in the city have listed in less than three years.
GrandiT was established in 2017 with the support of Juhua Group and China Integrated Circuit Industry Investment Fund Co Ltd. It took only six years for the company to achieve a successful listing, becoming the fastest company in the city with the largest fundraising scale to go public.
The company focuses on the electronic chemical materials industry for integrated circuit manufacturing and is one of the few domestic companies with R&D and production capabilities for electronic wet chemicals, specialty gases, and precursor materials.
Over the course of nearly six years, GrandiT has continuously invested in R&D and undertaken major national and provincial scientific research projects. Its products have entered the supply systems of mainstream customers such as SK Hynix, SMIC and HKC.
The funds raised from this listing will be invested in GrandiT's ultra-pure electronic chemical factory, which is expected to reach an annual production capacity of 196,000 metric tons of ultra-pure electronic chemical products.
The company will continue focusing on the electronic chemical materials industry and strive to become a leading domestic electronic chemical materials company, said a higher-up at the company.