Wuxi-based Batch Science and Technology has gone public on the National Equities Exchange and Quotations (NEEQ), also known as the New Third Board, a pilot national share transfer system for small and medium-sized enterprises, according to wnd.gov.cn.
The company, located at Wuxi Science and Technology Park (Wuxi Si-Park), Wuxi National Hi-tech District (Xinwu district), was established in 1999 and specializes in the manufacture of controllers for central air-conditioning, air purifying products and food blenders. Its listing on the exchange is expected to yield 30 million yuan ($ 4.6 million) this year.
In 2016, three companies from Wuxi Si-Park have gone public on the exchange, mainly due to preferential policies and rapid growth prospects.
The management at Wuxi Si-Park said that they will help more small and medium-sized enterprises to get listed on the New Third board, to raise more funds and promote R&D. The Si-Park is also developing its industrial clusters featuring life sciences, technology, intelligent manufacturing and Internet of Things.