Jirfine Intelligent Equipment to Undertake IPO on Shenzhen's ChiNext Board

MT Newswires Live06-21

Jirfine Intelligent Equipment (SHE:301603) is planning to issue 30.19 million shares in its initial public offering on the Shenzhen Stock Exchange's ChiNext board, according to filings on the bourse on Friday.

IPO proceeds will be used in the construction of computer numerical control (CNC) equipment production bases, research and development center construction projects and replenishment of working capital.

The company will hold a price inquiry on June 25 and open subscriptions on July 1.

Jirfine Intelligent Equipment is a CNC machine manufacturer.

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