SHANGHAI, May 25, 2017 /PRNewswire/ -- On May 15th, Guangdong Senssun Weighing Apparatus Group Ltd was listed on the Shenzhen Stock Exchange (stock code: 002870). Senssun is the 55th enterprise that has gone public on the SZSE small and medium enterprise board.
With a long developmental history over four decades, Senssun is now a world-leader as well as the largest household weighing apparatus manufacturer. Senssun is dedicated to providing household and commercial customers with innovative products as well as quality health and life convenience related services.
The IPO(Initial Public Offering) amount is 27.67 million at a price of CNY20.44 per share. The price-earnings ratio is nearly 23 times larger and the anticipated fundraising will total nearly CNY 0.57 billion. The use of IPO proceeds is mainly in projects like household weighing apparatuses as well as smart products for sports and health, commercial electronic weighing apparatuses and engineering technology. Meanwhile, Senssun is going to expand data center R&D and the Senssun Cloud, to boost research and technology capability and implement efficient manufacturing mode. Therefore, Senssun will be able to expand capacity rapidly and meet the needs of both the domestic and overseas markets.
Senssun's successful listing has injected new impetus into their own development. Senssun will keep offering customers more prospective products and better service. Senssun would like to take this opportunity to express their sincere thanks to all of its customers for their continued support. They look forward to further cooperation with the public along its path of development.
Guangdong Senssum Company
Baishawan Industrial Park, Qiwan Road , East District, Zhongshan, Guangdong, China
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SOURCE Guangdong Senssun