Two Hengxin Technology Units Recognized by Chinese Regulators

MT Newswires Live11-12

Two units of Hengxin Technology (HKG:1085) were recently recognized by Chinese regulatory authorities, a Monday bourse filing said.

Unit Shanghai Zhangyu Information Technology was recognized as a specialized and new small and medium-sized enterprise by the Shanghai Municipal Commission of Economy and Informatization.

The productivity center of Jiangsu province also recognized unit Nanjing Zhangyu Information Technology as a Gazelle Enterprise.

Gazelle Enterprises are companies who have entered a period of rapid growth supported by technological or business model innovation after having passed the initial stage of entrepreneurship.

Shares of the company were up nearly 3% in recent trade.

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