| CHINT Launched IPO in China |
| 21 January 2010 |
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Today, Jan. 21, 2010, Zhejiang CHINT Electrics Co., Ltd, successfully launched its IPO at the Shanghai Stock Exchange of China. IPO of this core business unit is a significant milestone to CHINT, which means after over two decades' accumulation and efforts, CHINT started to make its way as an emerging public holding company.
Since its establishment in 1984, CHINT has intensified its reputation on high product quality and services in china and the overseas market. Besides, CHINT is always holding strong will to take the social responsibilities. The successful IPO launching proved the high recognition from the government as well as the investors, who took positive attitudes on CHINT's development.
Shanghai Stock Exchange is one of the three stock exchanges operating independently in China for the major Chinese companies. Strict criteria must be satisfied during the IPO launching process, including, the listed company"s total share capital must not be less than RMB 50 million, the company must have been in business for more than 3 years and have made profits over the last three consecutive years, etc
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