On December 19, Growth Enterprise Market (GEM) Issuance Examination Committee of the China Securities Regulatory Commission (CSRC) approved Yizumi’s application for initial public offerings of shares and listing on the GEM. So far Yizumi has gone through the most important stage of the IPO project and the Company is expected to be China’s first molding equipment manufacturer to get listed on the Shenzhen GEM, also known as ChiNext.Founded in 2002, Yizumi is a national hi-tech enterprise engaged in the state-supported advanced equipment manufacturing industry and focusing on design, R&D, production, sales and service of molding machines. Injection molding machines, die casting machines and rubber injection machines are main products of Yizumi; and they are widely applied in household appliances, automotive, medical devices, packaging, 3C products and other fields. For years, Yizumi has been adhering to the aim “We endeavor to facilitate Chinese machine technology keeping pace with the world and provide global clients with better investment return and customer experience” and committed to constant innovation. Under the leadership of experienced top management and joint efforts of the staff, Yizumi rapidly develops into a well-known machinery manufacturer in China and shows huge potentials of growth as the company’s global strategy is implemented.
Yizumi plans to issue 30 million shares at most, with total capital after IPO not more than 120 million shares, and raise 360.6 million yuan for the company’s main business. The money will be used to expand the production capacity, strengthen technical innovation, promote development of new products and carry out two projects: “Manufacturing Base of Injection Molding Machines and Die Casting Machines” and “Upgrade of Technical Center”.
Taking the opportunity of IPO and listing on ChiNext, Yizumi, guided by its own development strategy, will raise funds to facilitate implementation of the projects, cement and strengthen its dominance in molding equipment industry, promote sustainable and sound development of the company and maximize the profit of investors.
After undergoing multiple tests such as suspension of IPO review, financial verification and global financial crisis, Yizumi manages to pass the examination of GEM Issuance Examination Committee and continues the preparation for market listing. Yizumi is grateful to the strong support from the staff, customers, suppliers and all sectors of society, and will gain momentum from their concern and acknowledgement to move forwards.