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Hai Zhi Jie applies for GEM listing in Hong Kong

Chinese port crane manufacturer Hai Zhi Jie Group has applied for a GEM listing in Hong Kong Stock Exchange.

Hai Zhi Jie established own production base, Changzhou plant, in 2007, and it is equipped with 37 production machines.

With the development of port industry and shipbuilding industry, the demand for port cranes is growing, which prompt the increase of the total port crane spare part market size, said the company.

In June 2019, the company filed for listing in Hong Kong Stock Exchange which has now become invalid.

The fund raised are expected to be mainly used for expanding production capacity, strengthening research and developing, repaying debts and general operation.

The company have been established for more than 20 years and has developed into one of the leading port crane spare parts manufacturers in China, engaging in the production and sale of a wide range of port crane spare part products, mainly consist of driving mechanisms and related spare parts, pulleys and related spare parts, and lifting hooks and related spare parts.

TAGS: Asia Listing
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