Guangdong Precise Numerical Control Technology (SHA:688827) filed a prospectus for its initial public offering on the Shanghai Stock Exchange's STAR Market board.
The manufacturer of computer numerical control (CNC) machine tools will issue 17.1 million shares in the IPO, accounting for a 25% stake in the company post-issue, according to its prospectus filed Tuesday.
Proceeds will fund a new production base, next-generation intelligent CNC system research and development, and support working capital.
The expected issue date is on Oct. 29.
Guotai Haitong Securities serves as lead underwriter.
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