Zhejiang Supcon Technology now listed on the SIX Swiss Exchange
18 April 2023 11:15
Zhejiang Supcon Technology Co., Ltd. has become the third company this year to list its Global Depository Receipts (GDRs) on the SIX Swiss Exchange. The 20,958,000 GDRs at an offer price of 26.94 US dollars per GDR raised gross proceeds of approximately 565 million US dollars, further details of which can be found in a press release issued by the SIX Swiss Exchange. For this, a single GDR represents two A shares in the company, which are traded on the Shanghai Stock Exchange.
According to the information in the press release, Zhejiang Supcon Technology is a leading provider of industrial automation and smart manufacturing solutions for the processing industry. The company is headquartered in Hangzhou, which is the capital of Zhejiang province in eastern China. mm