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Great Rich Technology Co. Ltd.- Market capitalization and IPO proceeds hit the h
As the sole financial advisor & co-investor, Dao Capital advised Great Rich Technology(GRT) on its successful IPO on KOSDAQ on Oct 25th, 2016. Dao Capital assisted GRT with RMB470million Pre-IPO investment. The offering funds amounted to RMB520 million. The issuing price KRW5,000 soared up by 30% and closed at the up limit price of KRW6,800, which was the first Chinese IPO in recent 6 years to present such share performance on the listing day. GRT marks the 5th IPO for Dao Capital in 2016, including three companies on KOSDAQ and two companies on ASX.
GRT’s operating entity in China: Jiangyin Tongli Optoelectronic Technology Co., Ltd. incorporated in 2001, dedicating on the R&D, innovation and customization of functional precision coating materials and polymer film materials. Tongli has built 148,000 square meters standard factory, including 1000 dust-free workshop (utilizing Japan’s purification technology). Currently it has 21 line of precise coating; 4 line of film casting and 18 lines of film blowing ? (not sure about the terminologies). Most manufacturing equipment are purchased from Germany, Italy, Japan, Korea, etc. It also builds a strong R&D team, developing a variety of functional materials which apply for various industries, including Internet of Things, consumer electronics, automobile, aviation, aerospace, construction material, smart city, etc.
